Divestiture • Building Materials

Oldcastle Acquires Oldcastle Glass Engineered Products

On June 27, 2007, Oldcastle acquired building materials company Oldcastle Glass Engineered Products from BlueScope for 190M USD

Acquisition Context
  • This is Oldcastle’s 1st transaction in the Building Materials sector.
  • This is Oldcastle’s largest (disclosed) transaction.
  • This is Oldcastle’s 1st transaction in the United States.
  • This is Oldcastle’s 1st transaction in Texas.

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M&A Deal Summary

Date June 27, 2007
Target Oldcastle Glass Engineered Products
Sector Building Materials
Buyer(s) Oldcastle
Sellers(s) BlueScope
Deal Type Divestiture
Deal Value 190M USD

Target Company

Oldcastle Glass Engineered Products

Terrell, Texas, United States
Oldcastle Glass Engineered Products, Inc. manufactures aluminum architectural products.
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Buyer Overview 1

Buyer

Oldcastle

Atlanta, Georgia, United States

Category Company
Sector Building Materials
Employees2,082
DESCRIPTION

Oldcastle, Inc., together with its subsidiaries, engages in the production and supply of building materials in the United States.


Deal Context for Buyer #
Overall 1 of 2
Sector: Building Materials 1 of 2
Type: Divestiture 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2007 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-18 Expocrete Concrete Products

Acheson, Alberta, Canada

Expocrete Concrete Products Ltd. is a manufacturers of specialized, high-quality concrete products. Expocrete offers custom manufactures paving stones, stack stones, retaining walls, slabs, cornerstones, masonry blocks, concrete pipe, precast manholes, hollow core, wet cast, specialty precast and other products for the construction (residential, commercial and industrial), infrastructure (government and other), and agricultural markets.

Buy -

Seller Profile 1

SELLER

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 Context for Seller #
Overall 1 of 2
Sector: Building Materials 1 of 1
Type: Divestiture 1 of 2
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2007 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 Oldcastle Glass Engineered Products

Terrell, Texas, United States

Oldcastle Glass Engineered Products, Inc. manufactures aluminum architectural products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-03 Smorgon Steel’s metal distribution business - Smorgon Steel Group

Melbourne, Australia

Buy AU$700M