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)
Location
Georgia, United States
Transaction Type
Divestiture

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