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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.
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.