Tag «SHEET & COIL DISTRIBUTION ASSETS»

ACQUISITION OF ONESTEEL SHEET & COIL DISTRIBUTION ASSETS

BlueScope today announced it has agreed to acquire from Arrium Limited its OneSteel sheet and coil processing and distribution businesses in Sydney, Brisbane, Adelaide and Perth. BlueScope will pay inventory value at completion (as at 30 September this was $23.1 million) for the assets and assumed liabilities and expects to incur net integration costs of …