Commercial Metals Company to acquire Gerdau's U.S. rebar assets for $600M

Commercial Metals Company (CMC) agreed to acquire certain U.S. rebar steel mill and fabrication assets from Gerdau S.A. for $600 million, including four steel mills and 33 fabrication facilities, with annual mill rolling capacity of 2.5 million tons.

“This acquisition aligns with our strategy to focus on our strength in concrete reinforcing products and leverages CMC’s core competencies in rebar production and value added fabrication services to non-residential construction customers.”sec.gov

• 1 source
• sec.govEX-99.1Jan 2, 2018

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