M&A Deal Summary

BlueScope Acquires OneSteel sheet and coil processing and distribution businesses

On October 14, 2013, BlueScope acquired oil/gas exploration company OneSteel sheet and coil processing and distribution businesses from Arrium

Acquisition Highlights
  • This is BlueScope’s 1st transaction in the Oil/Gas Exploration sector.
  • This is BlueScope’s 2nd transaction in Australia.

M&A Deal Summary

Date 2013-10-14
Target OneSteel sheet and coil processing and distribution businesses
Sector Oil/Gas Exploration
Buyer(s) BlueScope
Sellers(s) Arrium
Deal Type Divestiture

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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 5 of 12
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 3 of 9
Country: Australia M&A 2 of 4
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-27 Taharoa Iron Sand Business - BlueScope Steel

Melbourne, Australia

Sell NZ$250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-24 Pacific Steel business - Fletcher Building

Auckland, New Zealand

Buy NZ$120M

Seller(S) 1

SELLER

Arrium

Sydney, Australia

Category Company
Sector Metals/Mining
Employees8,348
Revenue 5.9B AUD (2015)
DESCRIPTION

Arrium Ltd. is an international diversified mining and materials company based in Sydney, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-05 Smorgon Steel Group

Port Melbourne, Australia

Smorgon Steel Group Ltd. is a producer of steel.

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