Concrete reinforcing steel market leader Commercial Metals Co. 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…
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Commercial Metals adds specialty cage, hardware line through EDSCO
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,…
Read MoreCommercial Metals adds P-T cable offerings through Tendon Systems deal
Sources: Commercial Metals Co., Irving, Texas; CP staff Commercial Metals, the top supplier of concrete rebar in the U.S., has acquired Tendon Systems LLC, a leading Southeast player in post-tensioning, barrier cable, and concrete restoration solutions. Tendon Systems’ products and services are used in slabs on grade, parking structures, plus multi-family residential, industrial and high-rise buildings. The Suwanee, Ga. company’s…
Read MorePacific Steel cites antitrust violations in Commercial Metals suit
Sources: Cohen Milstein Sellers & Toll, San Francisco; CP staff San Diego-based rebar fabricator and installer Pacific Steel Group (PSG) seeks damages and injunctive relief in a suit alleging federal antitrust and California business practices law violations by Commercial Metals Co. (CMC), Irving, Texas, and its principal plant builder, Danieli Corp., Cranberry Township, Pa. The suit details the efficiency of…
Read MoreCommercial Metals ties up AZZ galvanized rebar business
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.
Read MoreCommercial Metals completes $600M Gerdau rebar shop, mill deal
Sources: Commercial Metals Co., Dallas; CP staff
Commercial Metals has solidified its stake in concrete reinforcing products by acquiring 33 U.S. rebar fabrication facilities, plus California, Florida, New Jersey and Tennessee steel mills from Gerdau S.A. The $600 million transaction represents what CMC Chairman and CEO Barbara Smith calls “an important step in our strategy to be the leading concrete reinforcing specialist as well as a significant provider of merchant and wire rod products. With our expanded geographic footprint and added operational flexibility, this transaction supports our vertically integrated steel making model and will leverage our existing rebar manufacturing technology and customer service competencies.”
Read MoreMANUFACTURERS – FEBRUARY 2018
Lehigh Cement Co. LLC, a wholly-owned subsidiary of Lehigh Hanson Inc., has promoted Quentin McGahey from Mitchell, Ind., plant manager to vice president, Cement Operations Northeast, based in Allentown, Pa. Succeeding him in Indiana is Jerry Miller, elevated from assistant plant manager.
Read MoreCommercial Metals to acquire 37 Gerdau rebar shops, mills for $600M
Sources: Commercial Metals Co., Irving, Texas; CP staff
On the heels of two nine-figure investments in concrete reinforcement milling capacity, Commercial Metals has agreed to acquire 33 rebar facilities plus steel mills in California, Florida, New Jersey and Tennessee from Gerdau S.A.
Read MoreCMC extends spooled rebar capacity, eyeing Southwest fabricators
Sources: Commercial Metals Co., Irving, Texas; CP staff
Aiming to offer an alternative to traditional loose-wound coiled rebar, Commercial Metals is ramping up production of hot-rolled spooled product in #3 to #6 sizes at Durant, Okla., and Mesa, Ariz., micro mills—anticipating spring 2018 and 2019 availability.
Read MoreMMFX deal brings Commercial Metals deeper into concrete reinforcement
Sources: Commercial Metals Co., Irving, Texas; CP staff
Through its wholly owned subsidiary CMC Steel Fabricators Inc., Commercial Metals has acquired substantially all of the assets of Irvine, Calif.-based MMFX Technologies Corp., which markets and licenses production of proprietary steel products, including the ChrōmX line of high strength, corrosion-resistant rebar.
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