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Bluescope Steel to Buy Assets of Ranbuild

Nov 26 2004

BlueScope Steel Limited today announced that its BlueScope Lysaght business has entered into a conditional contract to purchase the assets of the Ranbuild business. The transaction will settle on 1 December 2004. Ranbuild is a privately owned Australian company that commenced operations in Newcastle in 1948.

Ranbuild is a successful designer and distributor of pre-fabricated steel garages, barns, farm sheds and shed kits in Australia, with a comprehensive reseller network. BlueScope Steel and Ranbuild have a long-standing commercial relationship.

The acquisition of the Ranbuild assets is consistent with BlueScope Steel's strategy to build its downstream branded products offer and will enhance the capability of BlueScope Lysaght to offer "lite" pre-engineered steel buildings in the Australian marketplace.

For more information on steel, click here.

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