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

Nucor names Batterbee, Bledsoe to HR roles
Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.

GrafTech loss widens in first quarter amid ‘global economic uncertainty’
GrafTech International reported a wider net loss in the first quarter amid “global economic uncertainty” and “fluid” global trade policies.

Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.

USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.

North American Stainless names Grannum as CEO
The US subsidiary of the Acerinox Group has named Clive Grannum as their new CEO.