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M&A Deal Summary

BlueScope Acquires YKGI Holdings Berhad - Manufacturing Facility

On November 5, 2018, BlueScope acquired manufacturer YKGI Holdings Berhad - Manufacturing Facility from Asteel Group for 42M AUD

Acquisition Highlights
  • This is BlueScope’s 1st transaction in the Manufacturing sector.
  • This is BlueScope’s 8th largest (disclosed) transaction.
  • This is BlueScope’s 1st transaction in Malaysia.

M&A Deal Summary
Date 2018-11-05
Target YKGI Holdings Berhad - Manufacturing Facility
Sector Manufacturing
Buyer(s) BlueScope
Sellers(s) Asteel Group
Deal Type Divestiture
Deal Value 42M AUD

Target

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.

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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 10 of 12
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 7 of 9
Country: Malaysia M&A 1 of 1
Year: 2018 M&A 1 of 1
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-25 North Star BlueScope Steel

Delta, Ohio, United States

North Star BlueScope Steel LLC is a distributor of hot rolled bands and coils.

Buy -
FOLLOWING 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

Asteel Group

Klang, Malaysia
Category Company
Founded 1977
Sector Metals/Mining
Employees410
Revenue 248M MYR (2024)
DESCRIPTION

Asteel Group is an entity that engages in the manufacturing, trading, and servicing of steel materials. Asteel Group manufactures and sells pickled and oiled hot rolled coils, and cold rolled coils, as well as galvanized steel coils; steel tubes and pipes; flat steel sheets; and metal roofing and related products. Asteel Group was founded in 1977 and is based in Klang, Malaysia.

DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Malaysia M&A 1 of 1
Year: 2018 M&A 1 of 1
Size (of disclosed) 1 of 1
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