BlueScope sells Metl-Span to Houston firm
May 03, 2012 | 06:49 PM
| Frank Haflich
LOS ANGELES BlueScope Steel Ltd. has divested part of its U.S. portfolio in a move that appears to leave the rest of its North American building products operations still in the fold of the Australian steelmaker.
BlueScope has sold Metl-Span LLC, a Lewisville, Texas, supplier of insulated metal building panel products, to NCI Group Inc., a Houston-based coil coater and manufacturer of metal components and building systems owned by private equity firm Clayton, Dubilier & Rice LLC, for $145 million. The sale will net Melbourne-based BlueScope $117 million....
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