Steel Product Producers

Cornerstone spends $475M on Mueller Supply buy
Written by Ethan Bernard
July 3, 2024
Cornerstone Building Brands agreed to buy Mueller Supply Co. for $475 million, according to an 8-K filing with the US Securities and Exchange Commission (SEC) on July 1.
As previously reported, the transaction is expected to close in Q3’24. The price is also subject to certain customary adjustments.
Ballinger, Texas-based Mueller is a manufacturer of residential metal roofing and steel buildings in Texas and the Southwest.
Cornerstone, base din Cary, N.C., manufactures exterior building products for residential and low-rise non-residential buildings in North America.
A request for comment from Cornerstone was not returned by time of publication.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Product Producers

Op-Ed: Ternium CEO Máximo Vedoya wants a fair future forged in steel
After recently receiving an industry honor on behalf of Ternium, I had the opportunity to reflect and share my vision on the state and future of our industry.

Nippon eyeing new $4B U.S. Steel mill to sweeten deal: Report
Nippon Steel could build a new domestic U.S. Steel mill with a total investment of $4 billion.

Nucor cuts CSP by $20/ton, third straight drop
Nucor has lowered its consumer spot price by $20 per short ton, marking the third consecutive weekly decrease.

Nucor reports IT systems breach
Nucor said it temporarily and proactively halted some production operations at various locations.

Cliffs talks DOE funding, blast furnace relining schedule
The future of two projects supported in part by funding through the Department of Energy remains uncertain.