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M&A Deal Summary

BlueScope Acquires Cornerstone Building Brands - Coil Coatings Business

On April 11, 2022, BlueScope acquired chemicals company Cornerstone Building Brands - Coil Coatings Business from Cornerstone Building Brands for 500M USD

Acquisition Highlights
  • This is BlueScope’s 1st transaction in the Chemicals sector.
  • This is BlueScope’s 2nd largest (disclosed) transaction.
  • This is BlueScope’s 4th transaction in Australia.

M&A Deal Summary
Date 2022-04-11
Target Cornerstone Building Brands - Coil Coatings Business
Sector Chemicals
Buyer(s) BlueScope
Sellers(s) Cornerstone Building Brands
Deal Type Divestiture
Deal Value 500M USD

Target

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.

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Buyer(S) 1

Buyer

BlueScope

Melbourne, Australia
Category Company
Founded 1885
Sector Metals/Mining
Employees16,500
Revenue 16.3B AUD (2025)
DESCRIPTION

BlueScope manufactures and distributes steel products for building, construction, manufacturing, automotive, and other industrial applications. BlueScope was founded in 1885 and is based in Melbourne, Australia.

DEAL STATS #
Overall 12 of 12
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 9 of 9
Country: Australia M&A 4 of 4
Year: 2022 M&A 1 of 1
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-05 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.

Buy $240M

Seller(S) 1

SELLER

Cornerstone Building Brands

Cary, North Carolina, United States
Category Company
Founded 1984
Sector Building Materials
Employees20,500
Revenue 4.6B USD (2020)
DESCRIPTION

Cornerstone Building Brands is an integrated manufacturer of metal products for the nonresidential building industry. Cornerstone Building Brands was formed in 1984 and is based in Cary, North Carolina.

DEAL STATS #
Overall 3 of 3
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
Country: Australia M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Union Corrugating

Fayetteville, North Carolina, United States

Union Corrugating is a manufacturer of metal roofing systems and roofing components for use in residential, commercial, and post-frame/agricultural applications. Union Corrugating was founded in 1946 and is based in Fayetteville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-17 MAC Metal Architectural

Saint-Hubert, Quebec, Canada

MAC Metal Architectural serves the North American residential and commercial markets with high-end steel siding and roofing products. MAC Metal Architectural is based in Saint-Hubert, Quebec.

Buy -
Mergr

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