BlueScope to acquire Coil Coatings business to establish significant painting footprint in Eastern US
BlueScope today announced that it has entered into a binding agreement to acquire the Coil Coatings business from Cornerstone Building Brands, Inc (NYSE:CNR) for US$500 million, subject to customary adjustments. Coil Coatings is the second largest metal painter in the US, with a total capacity of around 900,000 tonnes per annum across seven facilities, predominantly serving commercial and industrial construction applications.
The following documents relating to the announcement are available:
- BlueScope acquisition of Coil Coatings - ASX Release
- BlueScope acquisition of Coil Coatings - Investor Presentation
BlueScope will hold an investor webcast at 10am AEST on Monday 11 April 2022 at this link.