# 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.

- Type: Acquisition
- Announced: 2018-11-05
- Where: United States
- Value: $600.0M
- Status: completed
- Capacity: 2.5 million tons per year
- Products: rebar steel, fabricated steel products
- 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

- [clearygottlieb.com](https://www.clearygottlieb.com/news-and-insights/news-listing/cmc-in-600-million-acquisition-of-assets-from-gerdau), 2018-11-05: "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."

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