MILWAUKEE--Joy Global Inc. (NYSE: JOY) has completed the sale of its steel plate mill in Longview, Texas, to Nucor Corporation (NYSE: NUE) for approximately $29 million.
All of Longview’s steel mill and cutting employees have transitioned to Nucor employment. Joy Global looks forward to a continued working relationship as the mill supplies heavy steel plate used to manufacture some of the company’s premier mining equipment.
“We appreciate the tremendous collaboration with Nucor and local authorities to complete this sale,” said Rodney Bull, vice president and general manager for Joy Global in Longview.
Milwaukee, WI-based Joy Global has been supplying high-productivity mining equipment for more than 130 years and supports mining companies worldwide through full service programs including technical support, on-site maintenance and remote health monitoring. The company has 135 locations in 20 countries. Find out more at www.joyglobal.com.