M&A Deal Summary

BlueScope Acquires IMSA Steel

On February 14, 2008, BlueScope acquired metals/mining company IMSA Steel from Ternium for 730M USD

Acquisition Highlights
  • This is BlueScope’s 2nd transaction in the Metals/Mining sector.
  • This is BlueScope’s largest (disclosed) transaction.
  • This is BlueScope’s 3rd transaction in the United States.
  • This is BlueScope’s 1st transaction in Washington.

M&A Deal Summary
Date 2008-02-14
Target IMSA Steel
Sector Metals/Mining
Buyer(s) BlueScope
Sellers(s) Ternium
Deal Type Divestiture
Deal Value 730M USD

Target

IMSA Steel

Kalama, Washington, United States
IMSA Steel Corp. provides coating of metals and formed products.

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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 4 of 12
Sector (Metals/Mining) 2 of 4
Type (Divestiture) 2 of 9
State (Washington) 1 of 1
Country (United States) 3 of 5
Year (2008) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-03 Smorgon Steel’s metal distribution business - Smorgon Steel Group

Melbourne, Australia

Buy AU$700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-27 Taharoa Iron Sand Business - BlueScope Steel

Melbourne, Australia

Sell NZ$250M

Seller(S) 1

SELLER

Ternium

Luxembourg, Luxembourg

website

Category Company
Founded 1961
Sector Metals/Mining
Employees20,173
Revenue 8.7B USD (2020)
DESCRIPTION

Ternium manufactures and processes a broad range of steel products, with the most advanced technology. Ternium was founded in 1961 and is based in Luxembourg City, Luxembourg.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-02 Usinas Siderúrgicas de Minas Gerais S.A.

Belo Horizonte, Brazil

Usiminas started up its operations in 1962. Since then, it has become one of the largest Brazilian steelmakers, with operations in several segments of the steel value chain, such as mining and logistics, capital goods, service and distribution centers and customized solutions for the industry. The Company continuously seeks to expand the industrial efficiency of its operations and work in an integrated fashion with its customers, aiming to contribute to the development of the Brazilian industrial chain.

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