Commercial Metals Completes Acquisition of Concrete Pipe & Precast, LLC

Core Viewpoint - Commercial Metals Company (CMC) has successfully acquired Concrete Pipe & Precast, LLC (CP&P) for a cash purchase price of $675 million, enhancing its position in the precast concrete market [1][2]. Company Overview - CMC is an innovative solutions provider focused on the construction sector, offering products and technologies to meet reinforcement needs across various applications, including infrastructure and energy generation [4]. Acquisition Details - The acquisition of CP&P positions CMC to operate one of the largest precast concrete platforms in the United States, particularly strengthening its presence in the Mid-Atlantic and Southeastern regions [3]. - CP&P is a leading supplier of precast concrete and pipe products, serving seven core states from 17 facilities, and is well-positioned to benefit from structural demand in data center construction, stormwater management, and infrastructure investment [2]. Strategic Importance - The acquisition is part of CMC's growth strategy, aimed at delivering more value to customers and shareholders [3]. - CMC plans to close its acquisition of Foley Products Company by the end of 2025, further expanding its market reach [3].