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BlueScope Steel Ltd Agrees To Acquire Arrium Ltd's OneSteel Sheet And Coil Processing And Distribution Businesses


Sunday, 13 Oct 2013 07:06pm EDT 

BlueScope Steel Ltd announced that it has agreed to acquire from Arrium Ltd its OneSteel sheet and coil processing and distribution businesses in Sydney, Brisbane, Adelaide and Perth. BlueScope will pay inventory value at completion (as at September 30, 2013, this was $23.1 million) for the assets and assumed liabilities and expects to incur net integration costs of $7 million. Completion is targeted for the end of the December 2013 quarter. 

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