Cornerstone spends $475M on Mueller Supply buy

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

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.