BlueScope completed the acquisition of the coil coatings business of Cornerstone Building Brands for $500m.

BlueScope, an Australian-based steelmaking firm, completed the acquisition of the coil coatings business of Cornerstone Building Brands, a manufacturer of exterior building products, for $500m. “Our key value creation levers are integral to advancing our strategy towards profitable growth. As part of our expansive innovation engine lever, we look to partner with companies with complementary capabilities creating greater opportunities. We are excited to expand our relationship with BlueScope, who has been a customer and supplier of ours for many years and is well-positioned to take the coil coatings business even further. We will continue to focus on investing in our core growth markets and driving value through our primary selling channels," Rose Lee, Cornerstone President and CEO.