(Reuters) - BlueScope Steel has owned Vistawall since April 2004 when
it acquired Butler Manufacturing Company for US$206 million.
This acquisition included Butler Buildings and The Vistawall Group .
BlueScope Steel will continue to own and operate the Butler
Buildings and Vistawall China businesses.
On announcing the transaction, Managing Director and CEO of
BlueScope Steel, Mr Kirby Adams, said, "The time is right for
BlueScope Steel to divest Vistawall North America in order to
realise the outstanding value created in this non-steel
business which was included in the strategic acquisition of
Butler Manufacturing Company in 2004. The sale price represents
a strong financial return for our shareholders and reflects the
excellent work by BlueScope Steel and Vistawall's management
and employees in creating a successful and strong business."
Read more at Reuters.com Mergers News
it acquired Butler Manufacturing Company for US$206 million.
This acquisition included Butler Buildings and The Vistawall Group .
BlueScope Steel will continue to own and operate the Butler
Buildings and Vistawall China businesses.
On announcing the transaction, Managing Director and CEO of
BlueScope Steel, Mr Kirby Adams, said, "The time is right for
BlueScope Steel to divest Vistawall North America in order to
realise the outstanding value created in this non-steel
business which was included in the strategic acquisition of
Butler Manufacturing Company in 2004. The sale price represents
a strong financial return for our shareholders and reflects the
excellent work by BlueScope Steel and Vistawall's management
and employees in creating a successful and strong business."
Read more at Reuters.com Mergers News
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