Sources: Commercial Metals Co., Irving, Texas; CP staff
Concrete reinforcing steel market leader Commercial Metals has acquired Denton, Texas-based EDSCO Fasteners LLC from MiddleGround Capital, a private equity firm with New York and Kentucky offices. EDSCO custom engineers anchor cages, bolts, and fasteners to secure high voltage electrical transmission poles to concrete foundations. As the top source of such cages, it serves the North American market from headquarters plus North Carolina, Tennessee and Utah satellite plants.
“This acquisition further advances our leadership position in construction reinforcement and extends our capabilities to new and growing applications,” says Commercial Metals Chairman Barbara Smith. “EDSCO’s innovative reinforcement solutions are well-positioned to benefit from the long-term transition to renewable energy, which will require extensive investment in electrical transmission capacity and wind power installations.”