M&A
confidence high
sentiment positive
materiality 0.75
COMMERCIAL METALS Co (CMC): M&A transaction — CMC completes $675M acquisition of Concrete Pipe & Precast; expects Foley deal close by end of 2025
COMMERCIAL METALS Co
- Acquired CP&P for $675M cash; CP&P operates 17 facilities and employs 700 across Mid-Atlantic and South Atlantic regions.
- CP&P supplies precast concrete and reinforced pipe to infrastructure, data center, stormwater, and re-shoring markets.
- CMC anticipates closing Foley Products Company acquisition by end of calendar 2025, creating one of largest US precast platforms.
- CEO Peter Matt says acquisition marks important milestone in growth strategy to increase value for customers and shareholders.
- Purchase price subject to customary adjustments as detailed in the Equity Purchase Agreement.