Steel Product Producers
Cornerstone Building Brands to acquire Mueller Supply Co.
Written by Ethan Bernard
July 2, 2024
Cornerstone Building Brands is set to buy Mueller Supply Co., a manufacturer of residential metal roofing and steel buildings in Texas and the Southwest.
The transaction, subject to customary closing conditions, is expected to close early in the third quarter. Cornerstone anticipates financing the transaction with cash and its existing credit facilities. Further terms were not disclosed.
“Mueller is a compelling, strategic complement to our retail-direct metal roofing business and will more than double the number of retail branches we have to serve our customers,” Rose Lee, president and CEO of Cornerstone, said in a statement on July 1.
“I look forward to welcoming the highly talented Mueller team and uniting the legacy expertise of both companies,” she added.
Ballinger, Texas-based Mueller has ~900 employees and a regional footprint of 38 retail branches. Additionally, it has five manufacturing sites in Amarillo, Ballinger, and Huntsville, Texas; Oak Grove, La.; and Phoenix.
Cornerstone said the acquisition will add greater greenfield growth capabilities and further accelerate its organic growth strategy.
Cary, N.C-based Cornerstone manufactures exterior building products for residential and low-rise non-residential buildings in North America. The company has ~18,000 employees at manufacturing, distribution, and office locations throughout North America.
Ethan Bernard
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