Commercial Metals Completes Acquisition of Foley Products Company

Core Viewpoint - Commercial Metals Company (CMC) has successfully acquired Foley Products Company for a cash purchase price of $1.84 billion, enhancing its position in the precast concrete market [1]. Group 1: Acquisition Details - The acquisition of Foley Products Company, a leading supplier of precast concrete and pipe products, is aimed at expanding CMC's operations in the Southeast and other regions of the U.S. [2] - Foley operates 18 facilities across nine states and is recognized for its comprehensive portfolio of solutions critical for various infrastructure applications [2]. Group 2: Strategic Implications - The acquisition is expected to create a significant growth platform for CMC, providing opportunities to generate value for customers and shareholders [3]. - With the completion of this acquisition, CMC now operates one of the largest precast concrete businesses in the United States, positioning itself for future growth [3]. Group 3: Company Overview - CMC is an innovative solutions provider focused on building a stronger and more sustainable world, offering products and technologies for the global construction sector [4]. - The company supports early-stage construction across various applications, including infrastructure, non-residential, residential, industrial, and energy generation [4].