Nucor Corp. is acquiring Corporacion POK, S.A. de C.V. (POK), a fully-integrated precision castings company with a facility in Guadalajara, Mexico. Terms of the deal were not disclosed.

Founded in 1894, POK produces castings and precision machined products used by the oil and gas, mining and sugar processing industries. POK produces precision castings using steel, bronze, iron and specialty exotic alloys. POK currently employs 425 people at its Guadalajara production facility.

“This acquisition supports Nucor’s strategy in Mexico, which is focused on downstream processing for high-quality, value-added applications targeting niche markets,” said John Ferriola, Chairman, CEO and President of Nucor Corporation. “Expanding our capability to produce value-added products is a key component of our strategy for long-term profitable growth.”

Nucor called POK “a natural fit” for its existing cold finish businesses, including Nucor Fastener and Nucor’s recently acquired cold finish facility in Monterrey.

“The acquisition of POK will enable Nucor to broaden its current product offerings and gives the company the opportunity to increase sales into new and existing markets,” the company added.

In addition to the Nucor ATP Mexico cold finish facility in Monterrey, Nucor’s current Mexican operations include several sheet steel processing facilities as part of its Steel Technologies joint venture with Mitsui & Co., as well as a steel sales office. Nucor is also building a galvanizing line with its joint venture partner, JFE Steel Corporation of Japan, to serve the Mexican automotive market. Web: Nucor.com