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Commercial Metals Company (CMC) announced a definitive agreement to acquire Foley Products Company, a precast concrete solutions supplier, for $1.84 billion in cash. The deal is expected to close in 2025 and be immediately accretive.
“The acquisition of Foley presents a unique opportunity to create immediate scale for our precast platform while adding a best-in-class business with industry-leading margins to CMC's portfolio”sec.gov
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