BlueScope Steel to buy IMSA Steel for $730M

12/20/2007 | Forbes

Australian steelmaker BlueScope Steel is in a deal to buy IMSA Steel from Luxembourg-based Ternium for $730 million. IMSA makes ready-to-assemble steel buildings and other components, mainly for commercial structures, and the acquisition represents a vote of confidence by BlueScope that the commercial construction industry in the U.S. economy will continue to thrive, despite the housing slowdown.

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