Commercial Metals Company has successfully completed the acquisition of Foley Products Company, LLC for $1.84 billion.
Foley is a leading supplier of precast concrete and pipe products in the Southeast region with operations in 18 facilities across nine states.
The acquisition presents significant growth opportunities for CMC in the precast concrete business.
Acquisition Details
Foley Products Company, LLC was acquired for $1.84 billion, strengthening CMC's market presence in precast concrete products.
Strategic Expansion
The acquisition expands CMC's footprint in the Southeast region and complements its existing operations in the Central and Western U.S.
Growth Platform
CMC now operates one of the largest precast concrete businesses in the United States, enhancing its capabilities and market share.
- The acquisition of Foley Products Company enhances CMC's product portfolio and strengthens its position in critical construction sectors like drainage, water management, and road construction.
- CMC's establishment of a robust precast concrete platform through the acquisition signifies a strategic move towards long-term growth and value creation.
The acquisition of Foley Products Company marks a significant milestone for Commercial Metals Company, positioning it for sustained growth and value creation in the construction sector.