M&A Deal Summary

BlueScope Acquires MetalX - Ferrous Recycling Business

On November 5, 2021, BlueScope acquired environmental company MetalX - Ferrous Recycling Business from MetalX for 240M USD

Acquisition Highlights
  • This is BlueScope’s 1st transaction in the Environmental sector.
  • This is BlueScope’s 4th largest (disclosed) transaction.
  • This is BlueScope’s 5th transaction in the United States.
  • This is BlueScope’s 1st transaction in Indiana.

M&A Deal Summary
Date 2021-11-05
Target MetalX - Ferrous Recycling Business
Sector Environmental
Buyer(s) BlueScope
Sellers(s) MetalX
Deal Type Divestiture
Deal Value 240M USD

Target

MetalX - Ferrous Recycling Business

Waterloo, Indiana, United States
MetalX’s Ferrous Recycling Business sites are located in Indiana and in Ohio, immediately adjacent to the North Star facility in Delta.

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Buyer(S) 1

Buyer

BlueScope

Mount Waverley, Australia

website

Category Company
Founded 1885
Sector Metals/Mining
Employees14,000
Revenue 11.3B AUD (2020)
DESCRIPTION

BlueScope is largest steel manufacturer. BlueScope was founded in 1885 and is based in Mount Waverley, Australia.

DEAL STATS #
Overall 11 of 12
Sector (Environmental) 1 of 1
Type (Divestiture) 8 of 9
State (Indiana) 1 of 1
Country (United States) 5 of 5
Year (2021) 1 of 1
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 YKGI Holdings Berhad - Manufacturing Facility

Malaysia

YKGI Holdings Berhad - Manufacturing Facility comprises a Push-Pull Pickling Line, Cold Rolling Mill, Continuous Galvanising Line and a Continuous Colour Coating Line.

Buy AU$42M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Cornerstone Building Brands - Coil Coatings Business

Mount Waverley, Australia

Cornerstone Building Brands' Coil Coatings Business serves manufacturers nationwide by applying a broad range of coatings that include Epoxies, Acrylics, Polyesters, Silicone Modified Polyesters (SMP), Fluorocarbons (PVDF), and Plastisols (PVC) to Steel and Aluminum substrates. Its brands are committed to helping manufacturers convert from inefficient post-painted operations to highly efficient and environmentally friendly pre-painted metal. Coatings are designed for exterior and interior applications, and are used by manufacturers of building components, water heaters, lighting fixtures, ceiling grids, HVAC, appliances, and much more.

Buy $500M

Seller(S) 1

SELLER

MetalX

Waterloo, Indiana, United States

website

Category Company
Founded 2012
Sector Environmental
DESCRIPTION

MetalX is a full-service scrap metal recycling company engaged in ferrous and nonferrous scrap processing, consulting and management services, and advanced metal recovery technologies. MetalX was founded in 2012 and is based in Waterloo, Indiana.

DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
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