Commercial Metals Completes Acquisition of Foley Products Company
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.
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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
Details
News Market Reaction – CMC
On Dec 16, the first trading day after this news, CMC closed 0.35% below the previous close.
Data tracked by StockTitan Argus for the Dec 16 session.
Key Figures
- 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
Historical Context
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Named to Newsweek’s America’s Most Responsible Companies 2026 list.
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Announced webcast details for Q1 fiscal 2026 conference call.
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Closed CP&P acquisition for $675M to expand precast footprint.
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Closed $2,000M senior notes offering to fund Foley acquisition.
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Priced $2,000M senior unsecured notes in two tranches for Foley deal.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
precast concrete technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Foley is a leading supplier of precast concrete and pipe products to the Southeast region, with additional presence in the Central and
"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
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
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
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SOURCE Commercial Metals Company
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