Commercial Metals Company Acquires Tensar Corporation from Castle Harlan for $550M
December 7, 2021
Commercial Metals Company (CMC) has agreed to acquire Tensar Corporation, a global designer and manufacturer of geogrid products and foundation-improvement technologies, from Castle Harlan for $550 million in cash. The transaction — a sale of a Castle Harlan portfolio company (CHP V) — closed following customary regulatory review; Tensar is headquartered in Alpharetta, Georgia and will expand CMC's construction-products and ground-stabilization capabilities.
- Buyers
- Commercial Metals Company (NYSE: CMC)
- Targets
- Tensar Corporation
- Sellers
- Castle Harlan, Inc., CHP V (fund managed by Castle Harlan)
- Industry
- Building Products
- Location
- Georgia, United States
- Transaction Type
- Divestiture
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