# 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.

- Type: Acquisition
- Announced: 2018-01-02
- Where: United States (Knoxville, Tennessee; Jacksonville, Florida; Sayreville, New Jersey; Rancho Cucamonga, California), United States
- Value: $600.0M
- Jobs: 2,700
- Status: announced
- Capacity: 2.5 million tons per year (rolling capacity)
- Products: rebar, steel mill products, fabrication services
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Gerdau](https://endata.com/companies/16353.md) (target)
- [Commercial Metals Company](https://endata.com/companies/21361.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/22444/000119312518000216/d515690dex991.htm), 2018-01-02: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.