Commercial Metals Company (NYSE: CMC) has successfully completed the acquisition of Concrete Pipe & Precast, LLC from Eagle Corporation and ECPP, LLC for $675 million.
CP&P is a leading supplier of precast concrete and pipe products in the Mid-Atlantic and South Atlantic regions, operating from 17 strategically located facilities.
The acquisition emphasizes CMC's growth strategy, enhancing value for customers and shareholders.
Acquisition Completion
Successfully acquired CP&P for $675 million.
Strategic Expansion
Enhances CMC's presence in precast concrete market.
Operational Synergies
Expect increased operational efficiencies post-acquisition.
- The acquisition positions CMC as a key player in the precast concrete sector across the United States.
- CMC anticipates further growth with the upcoming acquisition of Foley Products Company.
With the completion of the CP&P acquisition, CMC strengthens its market position and lays the foundation for future growth in the precast concrete industry.