Finished rolls of steel await distribution outside the Nucor Steel Gallatin plant on April 6, 2023 at Ghent, Ky.

Nucor Corp. on Monday acquired Southwest Data Products Inc. of San Bernardino, California, a manufacturer and installer of data center infrastructure, for $115 million. Nucor also announced the launch of Nucor Data Systems, a new business unit to serve customers in the data center infrastructure industry.

“This acquisition will give us new capabilities to serve a rapidly growing market and will bolster Nucor as a preferred supplier to many of the nation’s largest and most innovative hyperscale cloud and colocation data center operators,” Chad Utermark, Nucor’s executive vice president of new markets and innovation, said in the acquisition announcement. “The SWDP acquisition furthers our expand beyond strategy to invest in steel centric businesses that operate outside of the cyclical nature of steel production.”

— Staff report