CMC sells Cometals raw materials trading division to Traxys affiliates

Commercial Metals Company (CMC) signed a definitive agreement on June 12, 2017, to sell its raw materials trading division, CMC Cometals, to Traxys North America L.L.C. and Traxys Europe S.A., affiliates of The Carlyle Group. The transaction is expected to close later in summer 2017.

“Under the new ownership structure, the Cometals team will continue to operate from its current locations in the US, China, Benelux and Russia.”steelorbis.com

• 1 source
• steelorbis.comCMC selling Cometals and Cometals SteelJun 13, 2017

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