Sources: Commercial Metals Co., Dallas; AZZ Inc., Ft. Worth, Texas; CP staff
Major concrete reinforcing steel producer and distributor Commercial Metals Co. has closed on AZZ Inc. assets associated with Galvabar, a proprietary galvanized rebar with zinc alloy coating that provides advanced corrosion protection and post-fabrication formability.
“The acquisition represents our commitment to executing on our strategy of being the leader in concrete reinforcement,” says CMC Chief Operating Officer Tracy Porter. “The addition of Galvabar’s value-added products will enable us to better serve and support our customers’ needs. We also believe that CMC’s broad geographic footprint and distribution network will greatly enhance the reach of the Galvabar product line.”
“While Galvabar would normally be considered a core business, we have determined that this technology is better suited for a company with both rebar manufacturing and distribution capabilities,” adds AZZ CEO Tom Ferguson. “I am convinced that CMC will be a great partner to the Galvabar customer base, as well as a good employer for its work force.”
The transaction was effected through the CMC Steel Oklahoma, LLC subsidiary and includes a Galvabar-dedicated production line in Tulsa. It extends a stake in high performance reinforcements that CMC established in a 2017 deal for MMFX Technologies assets.