How the Steel Industry Transformed Over the Pandemic
More than two years following the outbreak of the coronavirus, the steel industry is more vertically integrated than ever. What does that mean for sheet metal?
Home to little else than a manufacturer and an Amish community, Arcola, Ill., found its way in the dateline of a national news story over the summer when KKR completed its sale of C.H.I. Overhead Doors – awarding employee owners payouts that averaged $175,000 in exchange for their equity. The buyer was Nucor, the largest steel producer in the United States, the largest "mini-mill" steelmaker and the biggest recycler of scrap in North America.
But this was only one of the latest in a long line of mergers and acquisitions in the metal construction industry affecting every facet: from architectural sheet metal to ventilation.