Smorgon Steel

Smorgon Steel
IndustrySteelmaking
Founded1958
FounderVictor Smorgon
Defunct2007
SuccessorOneSteel
Headquarters
Port Melbourne
,
Australia
Key people
Graham Smorgon (Chairman)
ProductsSteel products, reinforcing steel, structural steel
Revenue$3.2 billion (2006)
$782 million (2006)
$264 million (2006)
Number of employees
5,800 (2006)
Websitewww.smorgonsteel.com.au

Smorgon Steel was an Australian steel manufacturing company. It was the last remaining part of Smorgon Consolidated Industries, founded in 1958 by Victor Smorgon, member of the Smorgon family.[1]

In 1997, Smorgon purchased structural materials Welded Mesh from Leighton Holdings.[2][3] In December 1998, Smorgon Steel took over Australian National Industries.[4][5] It was floated on the Australian Securities Exchange in February 1999.[6][7]

In December 2001, Bradken was sold to Castle Harlan Australian Mezzanine Partners.[8][9] In 2007 Smorgon Steel merged with OneSteel,[10] with its distribution operations sold to BlueScope.[11]

References

  1. ↑ "Pridham Holdings Limited v Smorgon Consolidated Industries Pty Ltd". Company Histories. Smorgon Consolidated Industries: 231–241. 1974. doi:10.25291/vr/1974-vr-231.
  2. ↑ Smorgon Steel boosts stocks Australian Financial Review 17 April 1997
  3. ↑ Leighton sells Welded Mesh to Smorgon Steel Leighton Newsletter April 1997 page 14
  4. ↑ Smorgon Steel now Set to Acquire 100% of ANI Smorgon Steel 29 January 1999
  5. ↑ Smorgon Steel Offer $1.10 All Cash Alternative for ANI Smorgon Steel 17 December 1998
  6. ↑ Smorgon goes public after ANI acquisition Metal Bulletin 21 February 1999
  7. ↑ Smorgon Steel enters an exciting new era Smorgon Steel 3 February 1999
  8. ↑ Smorgon Steel Completes Sale of Bradken Resources Division Smorgon Steel 24 December 2001
  9. ↑ Smorgon Offloads Bradken in $185 Million Buyout Railway Digest December 2001 page 7
  10. ↑ "Vale to a true mensch: Victor Smorgon". Australian Jewish News. 2009-07-10. Archived from the original on 2025-01-06. Retrieved 2026-02-06.
  11. ↑ OneSteel, Smorgon Steel and BlueScope Steel finalise agreement Smorgon Steel 5 April 2007
This page is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.