Commercial Metals Completes Acquisition of Foley Products Company

Rhea-AI Summary

Commercial Metals (NYSE: CMC) announced on December 15, 2025 that it completed the acquisition of Foley Products Company for a cash purchase price of $1.84 billion, subject to customary adjustments.

Foley supplies precast concrete and pipe products across the Southeast with additional presence in the Central and Western U.S., operating 18 facilities in nine states and employing about 600 people. Foley's products serve drainage, water management, dry utility, and road construction end markets. CMC said the addition, together with the prior CP&P acquisition, creates one of the largest precast concrete platforms in the U.S. and represents a new growth platform for the company.

Positive

• $1.84 billion acquisition expands product portfolio
• Adds 18 facilities across nine states
• Adds approximately 600 employees to CMC
• Creates one of the largest precast businesses in the U.S.

Negative

• Transaction is a $1.84 billion cash purchase price, a material cash outlay

News Market Reaction

-0.35%

1 alert

-0.35% News Effect

On the day this news was published, CMC declined 0.35%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Foley purchase price: $1.84 billion Current share price: $71.27 52-week high: $71.99 +4 more

7 metrics

Foley purchase price $1.84 billion Cash purchase price for Foley Products Company, subject to adjustments

Current share price $71.27 Price before/around Foley acquisition close announcement

52-week high $71.99 CMC trading near its 52-week high

200-day MA $52.97 CMC trading above 200-day moving average

Foley facilities 18 facilities Foley operations across U.S. regions

Foley states 9 states Geographic footprint of Foley operations

Foley employees ≈600 employees Employees joining CMC via Foley acquisition

Market Reality Check

Price: $82.97 Vol: Volume 1,103,252 is 21% a...

normal vol

$82.97 Last Close

Volume Volume 1,103,252 is 21% above 20-day average 912,868 ahead of the Foley close. normal

Technical Price at 71.27 sits near the 52-week high 71.99 and trades above 200-day MA at 52.97.

Peers on Argus

CMC fell 1.12% while key peers TX, CLF, GGB and RS were also down between 0.25% ...

CMC fell 1.12% while key peers TX, CLF, GGB and RS were also down between 0.25% and 1.35%, but SIM rose 10%, pointing to mixed, stock‑specific dynamics rather than a uniform sector move.

Historical Context

5 past events · Latest: Dec 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 10	ESG recognition	Positive	+5.1%	Named to Newsweek’s America’s Most Responsible Companies 2026 list.
Dec 08	Earnings call notice	Neutral	-0.9%	Announced webcast details for Q1 fiscal 2026 conference call.
Dec 01	Acquisition close	Positive	-0.8%	Closed CP&P acquisition for $675M to expand precast footprint.
Nov 26	Debt financing	Negative	-0.2%	Closed $2,000M senior notes offering to fund Foley acquisition.
Nov 12	Debt pricing	Negative	-3.0%	Priced $2,000M senior unsecured notes in two tranches for Foley deal.

Pattern Detected

Positive strategic/acquisition news has often seen mixed to negative next‑day price reactions, while recognition/ESG news drew a stronger positive move.

Recent Company History

Over the last month, CMC executed several strategic and financing steps. On Nov 12 and Nov 26, it priced and closed $2,000 million in senior notes to fund the Foley acquisition, with modestly negative price reactions. It then completed the CP&P acquisition on Dec 1 for $675 million, which also drew a small decline. In contrast, recognition on Newsweek’s 2026 responsibility list on Dec 10 coincided with a 5.12% gain. Today’s Foley close builds on this precast expansion theme.

Market Pulse Summary

This announcement completes CMC’s Foley acquisition for $1.84 billion, adding 18 facilities across n...

Analysis

This announcement completes CMC’s Foley acquisition for $1.84 billion, adding 18 facilities across nine states and roughly 600 employees to its growing precast platform. Combined with the recent CP&P close, CMC now controls one of the larger U.S. precast footprints. Historical filings highlight that this strategy is being funded with $2,000 million in senior notes. Investors may watch integration progress, margin trends, and future capital allocation as key markers of success.

Key Terms

precast concrete

1 terms

precast concrete technical

"Foley is a leading supplier of precast concrete and pipe products to the Southeast region"

Factory-made concrete components cast in reusable molds, cured under controlled conditions, then transported to a construction site for rapid assembly like large building blocks. Investors care because precast production changes project speed, cost predictability, and quality control: it can lower labor and on-site delays while concentrating revenue and operational risk in manufacturers and their supply chains, affecting margins and timelines for developers and builders.

AI-generated analysis. Not financial advice.

IRVING, Texas, Dec. 15, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") today announced that it has successfully completed the acquisition of Foley Products Company, LLC ("Foley") for a cash purchase price of $1.84 billion, subject to customary adjustments.

Foley is a leading supplier of precast concrete and pipe products to the Southeast region, with additional presence in the Central and Western U.S. The company operates 18 facilities across nine states. Foley offers one of the most comprehensive portfolio of solutions in the industry and its products are critical in drainage, water management, dry utility, and road construction applications across residential infrastructure, non-residential, and infrastructure end markets. The company is widely recognized for its leading capabilities in design, engineering, manufacturing efficiency, and quality.

"I am very excited to welcome Foley's approximately 600 employees to the CMC team," said Peter Matt, President and Chief Executive Officer. "With both the acquisitions of Foley and CP&P now closed, CMC operates one of the largest precast concrete businesses in the United States. The establishment of this platform represents a major new growth platform for our Company and should provide significant opportunities to create value for our customers and shareholders for years to come."

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 expected benefits of the Concrete Pipe & Precast, LLC and Foley acquisitions, our market share in the precast concrete business, our future growth prospects 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.

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SOURCE Commercial Metals Company

FAQ

When did Commercial Metals (CMC) complete the Foley Products acquisition?

CMC completed the acquisition on December 15, 2025.

How much did CMC pay for Foley Products (CMC acquisition price)?

The cash purchase price was $1.84 billion, subject to customary adjustments.

What assets and scale did Foley add to CMC in the acquisition?

Foley operates 18 facilities in nine states and brings about 600 employees and precast concrete and pipe product lines.

What markets does Foley serve after the CMC acquisition?

Foley serves drainage, water management, dry utility, and road construction across residential, non-residential, and infrastructure markets.

How does the Foley deal affect CMC's precast business scale?

With Foley and the prior CP&P acquisition closed, CMC now operates one of the largest precast concrete businesses in the United States.