Commercial Metals Company

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.

FabSouth, a subsidiary of Canam Group, acquired all structural steel fabrication assets from Commercial Metals Company, including plants in Taylors, South Carolina, and Waco and Victoria, Texas.

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.

Commercial Metals Company has completed the sale of its raw materials trading division, CMC Cometals, to Traxys North America and Traxys Europe for approximately $179 million.

The FTC granted approval for CEOF AIV Cayman, L.P. to acquire Commercial Metals Company, including its subsidiaries Cometals USA LLC and Cometals Europe Sarl.

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.

Owen Steel Company of South Carolina, a subsidiary of Commercial Metals Company, signed a definitive asset purchase agreement to acquire seven recycling facilities from OmniSource Corporation, a subsidiary of Steel Dynamics Inc.