CMC acquires Foley Products for $1.84B cash; transforms precast platform

COMMERCIAL METALS Co

Cash purchase price $1.84B, 10.3x Foley’s forecasted 2025 EBITDA (9.2x after cash tax benefits).
Transaction expected to be immediately accretive to EPS and free cash flow; year-3 run-rate synergies $25-30M EBITDA.
Combined with recent CP&P acquisition, CMC becomes #3 U.S. precast player with 35 facilities across 14 states.
Financing includes $1.85B bridge facility and $600M revolving credit facility from Bank of America and Citi.
Closing expected December 2025, subject to HSR clearance; reverse termination fee ~$64.8M.

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