Hannibal Industries has been sold to Nucor Corporation
Acquiring Hannibal gives Nucor a new growth platform and further deepens its ability to serve warehouse and distribution customers. Lincoln acted as the exclusive financial advisor to Hannibal, working closely with the shareholders and the management team throughout the sale process.
Hannibal is a leading provider of steel products and end-to-end warehouse storage solutions. The company’s products and services are utilized across a variety of end markets, including e-commerce fulfillment and distribution centers, traditional warehouses, food storage, industrial and retail segments. With a focus on superior quality and customized solutions, Hannibal designs and manufactures world-class material handling products, including pallet racking systems (roll-formed, push-back, cantilever rack and drive-in rack), pick modules and shelving. The company also offers turnkey services such as installation, procurement and facility integration.
Hannibal is headquartered in Vernon, California, with an additional manufacturing campus in Houston, Texas, and three additional distribution centers. For more information, please visit www.hannibalindustries.com.
Lincoln’s process execution was thoughtful and completely centered around what was best for us and for our employees. The team’s deep material handling expertise and understanding of the unique aspects of an ESOP business were critical to achieving a successful outcome.
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