Smorgon Steel

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In 1999 Smorgon acquired the troubled manufacturing concern Australian National Industries Limited (ANI). Parts of the ANI conglomerate, including the foundry business Bradken Limited, were restructured and spun off as separate businesses.

In 2007 Smorgon Steel merged with OneSteel. As with the takeover of Email Limited in 2001, this takeover took a long time to get approval from the Australian anti-monopoly regulator, the Australian Competition and Consumer Commission because approval of the takeover would result in only two significant businesses remaining in the steel distribution business in Australia.

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