Commercial Metals Company Completes Acquisition of Foley Products Company

Commercial Metals Company (CMC) completed its acquisition of Foley Products Company, LLC for a cash purchase price of $1.84 billion, subject to customary adjustments. Foley is a leading supplier of precast concrete and pipe products with 18 facilities across nine states, and the deal is intended to scale CMC’s precast platform and unlock synergies alongside CMC’s recently closed/ongoing precast initiatives.