CMC acquires Gerdau's U.S. rebar assets for $600M

Commercial Metals Company (CMC) acquired certain U.S. rebar steel mill and fabrication assets from Gerdau S.A. for $600 million in cash. The acquisition included four steel mills and 33 rebar fabrication facilities.

“The transaction, which combined two of the three largest domestic rebar producers in the United States, was announced on January 2, 2018, and closed on November 5, 2018.”clearygottlieb.com

• 1 source
• clearygottlieb.comCMC’s $600 Million Asset Acquisition of Gerdau Assets | News | Cleary GottliebNov 5, 2018

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