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Corporation
INDUSTRIALS | Construction / General Building Materials
cornerstonebuildingbrands.com

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About Cornerstone Building Brands

Cornerstone Building Brands (NYSE: CNR) is a manufacturer of exterior building products in North America. Headquartered in Cary, North Carolina, the organization serves residential and commercial customers across new construction and repair & remodel market.

Cornerstone Building Brands Headquarter Location

5020 Weston Parkway

Cary, North Carolina, 27513,

United States

888-624-8677

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Latest Cornerstone Building Brands News

US drives improved earnings guidance for Bluescope

May 18, 2022

Australian Manufacturing Forum Powered by the Australian Manufacturing Forum You are here: Bluescope has increased its guidance for earnings before interest, tax for the second half of FY2022 from between $1.2 billion and $1.35 billion to between $1.375 and $1.475 billion, credited to improved performance among its US businesses. In a statement to the ASX on Wednesday , the steelmaker said the Ohio North Star steel plant and its North American coated steel business were behind the improved outlook since the last update comments, given in February. Last month Bluescope announced the acquisition of Coil Coatings, the second-biggest metal painter in the US , from Cornerstone Building Brands Inc for US $500 million. According to the company, this nearly triples its US metallic coating and painting capacity to over 1.3 million metric tonnes annually. In the update, the company described expectations for its other businesses as remaining “broadly stable”. “Throughout recent macroeconomic and geopolitical volatility, BlueScope has continued to demonstrate strength and resilience in its business performance,” said CEO Mark Vasella. The 6,000-person Australian Steel Products division saw “softer than expected domestic despatch levels” since the last update, offset by “stronger realised steel spreads combined with better than expected contributions from the downstream businesses.” Bluescope will give its full-year results for 2021/2022 on August 15. Picture: Cornerstone Building Brands

Cornerstone Building Brands Acquisitions

7 Acquisitions

Cornerstone Building Brands acquired 7 companies. Their latest acquisition was Union Corrugating Company on November 09, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/9/2021

Debt

$99M

$7.5M

Acquired

1

8/2/2021

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$99M

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10

5/3/2021

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$99M

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10

3/3/2020

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$99M

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10

1/18/2019

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$99M

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10

Date

11/9/2021

8/2/2021

5/3/2021

3/3/2020

1/18/2019

Investment Stage

Debt

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$7.5M

Note

Acquired

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Sources

1

10

10

10

10

Cornerstone Building Brands Team

1 Team Member

Cornerstone Building Brands has 1 team member, including former Chief Financial Officer, Senior Vice President, Brad Little.

Name

Work History

Title

Status

Brad Little

Chief Financial Officer, Senior Vice President

Former

Name

Brad Little

Work History

Title

Chief Financial Officer, Senior Vice President

Status

Former

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