Commercial Metals Completes Acquisition of Concrete Pipe & Precast, LLC

Rhea-AI Summary

Commercial Metals (NYSE: CMC) announced it completed the acquisition of Concrete Pipe & Precast, LLC for a cash purchase price of $675 million, subject to customary adjustments, on December 1, 2025. CP&P sells precast concrete and pipe products across seven core states from 17 facilities and employs 700 people.

CMC said the purchase expands its precast footprint in the Mid‑Atlantic and South Atlantic, positioning the company to benefit from regional structural demand drivers and, after an anticipated close of Foley Products by end of 2025, to operate one of the largest precast platforms in the U.S.

Positive

• $675M acquisition adds precast capabilities
• 17 facilities across seven core states expands footprint
• 700 employees increases operating scale in target regions
• Positions CMC as one of the largest U.S. precast platforms after Foley close

Negative

• Acquisition requires a $675M cash outlay, subject to adjustments
• Concentration in Mid‑Atlantic/South Atlantic markets across seven states

IRVING, Texas, Dec. 1, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced that it has successfully completed the acquisition of Concrete Pipe & Precast, LLC ("CP&P") from Eagle Corporation and ECPP, LLC for a cash purchase price of $675 million, subject to customary adjustments.

CP&P is a leading supplier of precast concrete and pipe products to the Mid-Atlantic and South Atlantic regions, selling into seven core states from 17 strategically located facilities. The company offers a complete line of standard and highly engineered precast and reinforced concrete pipe solutions to infrastructure, non-residential, and residential construction markets, and is well positioned to benefit from the structural demand tailwinds in its core regions, including data center construction, stormwater management, industrial re-shoring and infrastructure investment. CP&P has established a strong competitive position through scale in local geographies, a track record of superior customer service, and unique design and engineering capabilities.

"I am thrilled to welcome CP&P's 700 employees to the CMC team," said Peter Matt, President and Chief Executive Officer. "This acquisition marks an important milestone in our Company's growth strategy, helping us bring more value to our customers and create more value for our shareholders."

CMC anticipates closing its acquisition of Foley Products Company ("Foley") by the end of calendar 2025. Following the completion of both purchases, CMC will operate one of the largest precast concrete platforms in the United States and will be a leader across the Mid-Atlantic and Southeastern regions.

About CMC
CMC is an innovative solutions provider helping build a stronger, safer, and more sustainable world. Through an extensive manufacturing network principally located in the United States and Central Europe, we offer products and technologies to meet the critical reinforcement needs of the global construction sector. CMC's solutions support early-stage construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission.

Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the federal securities laws, including, without limitation, with respect to the acquisition of CP&P, the expected benefits of the transaction, CP&P's future prospects, general economic conditions, key macro-economic drivers that impact our business and our expectations or beliefs concerning future events. The statements in this news release that are not historical statements, are forward-looking statements. These forward-looking statements can generally be identified by phrases such as we or our management "expects," "anticipates," "believes," "estimates," "future," "intends," "may," "plans to," "ought," "could," "will," "should," "likely," "appears," "projects," "forecasts," "outlook" or other similar words or phrases, as well as by discussions of strategy, plans or intentions.

The Company's forward-looking statements are based on management's expectations and beliefs as of the time this news release was prepared. Although we believe that our expectations are reasonable, we can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Except as required by law, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, new information or circumstances or any other changes. Important factors that could cause actual results to differ materially from our expectations include those described in our filings with the Securities and Exchange Commission, including, but not limited to, in Part I, Item 1A, "Risk Factors" of our annual report on Form 10-K for the fiscal year ended August 31, 2025, as well as the following: changes in economic conditions which affect demand for our products or construction activity generally, and the impact of such changes on the highly cyclical steel industry; rapid and significant changes in the price of metals, potentially impairing our inventory values due to declines in commodity prices or reducing the profitability of downstream contracts within our vertically integrated steel operations due to rising commodity pricing; excess capacity in our industry, particularly in China, and product availability from competing steel mills and other steel suppliers including import quantities and pricing; the impact of geopolitical conditions, including political turmoil and volatility, regional conflicts, terrorism and war on the global economy, inflation, energy supplies and raw materials; increased attention to environmental, social and governance ("ESG") matters, including any targets or other ESG, environmental justice or regulatory initiatives; operating and startup risks, as well as market risks associated with the commissioning of new projects could prevent us from realizing anticipated benefits and could result in a loss of all or a substantial part of our investments; impacts from global public health crises on the economy, demand for our products, global supply chain and on our operations; compliance with and changes in existing and future laws, regulations and other legal requirements and judicial decisions that govern our business, including increased environmental regulations associated with climate change and greenhouse gas emissions; involvement in various environmental matters that may result in fines, penalties or judgments; evolving remediation technology, changing regulations, possible third-party contributions, the inherent uncertainties of the estimation process and other factors that may impact amounts accrued for environmental liabilities; potential limitations in our or our customers' abilities to access credit and non-compliance with their contractual obligations, including payment obligations; activity in repurchasing shares of our common stock under our share repurchase program; financial and non-financial covenants and restrictions on the operation of our business contained in agreements governing our debt; our ability to successfully identify, consummate and integrate acquisitions and realize any or all of the anticipated synergies or other benefits of acquisitions; the effects that acquisitions may have on our financial leverage; risks associated with acquisitions generally, such as the inability to obtain, or delays in obtaining, required approvals under applicable antitrust legislation and other regulatory and third-party consents and approvals; lower than expected future levels of revenues and higher than expected future costs; failure or inability to implement growth strategies in a timely manner; the impact of goodwill or other indefinite-lived intangible asset impairment charges; the impact of long-lived asset impairment charges; currency fluctuations; global factors, such as trade measures, military conflicts and political uncertainties, including changes to current trade regulations, such as Section 232 trade tariffs and quotas, tax legislation and other regulations which might adversely impact our business; availability and pricing of electricity, electrodes and natural gas for mill operations; our ability to hire and retain key executives and other employees; competition from other materials or from competitors that have a lower cost structure or access to greater financial resources; information technology interruptions and breaches in security; our ability to make necessary capital expenditures; availability and pricing of raw materials and other items over which we exert little influence, including scrap metal, energy and insurance; unexpected equipment failures; losses or limited potential gains due to hedging transactions; litigation claims and settlements, court decisions, regulatory rulings and legal compliance risks, including those related to the Pacific Steel Group litigation and other legal proceedings; risk of injury or death to employees, customers or other visitors to our operations; and civil unrest, protests and riots.

View original content:https://www.prnewswire.com/news-releases/commercial-metals-completes-acquisition-of-concrete-pipe--precast-llc-302629532.html

SOURCE Commercial Metals Company

FAQ

What did Commercial Metals (CMC) announce on December 1, 2025 about CP&P?

CMC completed the acquisition of Concrete Pipe & Precast for a cash purchase price of $675 million, subject to customary adjustments.

How many facilities and employees does CP&P add to CMC (NYSE: CMC)?

CP&P operates 17 facilities across seven core states and brings about 700 employees to CMC.

How will the CP&P acquisition affect CMC's regional position (CMC)?

The purchase expands CMC's precast footprint in the Mid‑Atlantic and South Atlantic, strengthening regional leadership.

What is the expected timing for CMC's related Foley Products acquisition (CMC)?

CMC anticipates closing the Foley Products acquisition by the end of calendar 2025.

What financial consideration did CMC pay for CP&P (CMC)?

CMC paid a $675 million cash purchase price for CP&P, subject to customary post‑closing adjustments.