A steel and metal manufacturer based in Irving, Texas, which includes heat treating in the processes it provides recently announced the company has completed the acquisition of 33 rebar fabrication facilities as well as steel mills in the United States.
Commercial Metals Company acquired the plants from Gerdau S.A., a producer of long and specialty steel products in the Americas. The steel mills are located in Knoxville, Tennessee; Jacksonville, Florida; Sayreville, New Jersey; and Rancho Cucamonga, California.
“I am thrilled to welcome the approximately 3,200 employees of these operations to Commercial Metals Company,” said Barbara Smith, Chairman of the Board, President, and Chief Executive Officer of Commercial Metals. “The successful completion of the transaction represents an important step in our strategy to be the leading concrete reinforcing specialist as well as a significant provider of merchant and wire rod products. With our expanded geographic footprint and added operational flexibility, this transaction supports our vertically integrated steelmaking model and will leverage our existing rebar manufacturing technology and customer service core competencies.”
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