IRVING, Texas, March 5 /PRNewswire-FirstCall/ -- Commercial Metals
Company (NYSE: CMC), headquartered in Irving, Texas, announced today that
it has entered into a definitive agreement to purchase substantially all
the operating assets of Nicholas J. Bouras, Inc., United Steel Deck, Inc.,
The New Columbia Joist Company, and ABA Trucking Corporation. United Steel
Deck manufactures steel deck at facilities in South Plainfield, NJ; Peru,
IL; and Rock Hill, SC. New Columbia Joist manufactures steel joists in New
Columbia, PA. ABA Trucking Corporation provides delivery services for
United Steel Deck and New Columbia Joist. The purchase does not include
Nicholas J. Bouras, Inc.'s wholly-owned subsidiary, Prior Coated Metals,
and its affiliate, Bouras Properties, LLC. The purchase price for the
assets is approximately $63 million plus inventory on hand at the time of
closing which is expected within 40 days following regulatory approval and
satisfaction of other conditions. After closing, the acquired assets will
be combined with CMC Joist and operate under the trade name CMC Joist &
Deck as part of CMC's Domestic Fabrication segment.
    "This acquisition is in line with our growth initiative and strategy of
expanding downstream steel fabrication operations," said Murray McClean,
President and Chief Executive Officer of Commercial Metals Company. "In
addition, the highly complementary fit of the Bouras facilities will
strengthen our position as a significant supplier of steel joists
throughout the United States by expanding our manufacturing capability to
better serve the Northeast and Midwest markets."
    Russell Rinn, Executive Vice President of Commercial Metals Company and
CMC Steel Group President, added, "We look forward to the Bouras team
joining CMC. Together we will build on the solid reputation Nick Bouras has
established for providing excellent customer service. This addition will
give CMC Joist an additional 45,000 tons of joist manufacturing capacity in
a new geographic market. Just as significantly, it gives CMC 160,000 tons
per year of deck manufacturing capacity along with a team of highly
respected deck sales, design, and manufacturing professionals to take our
deck sales beyond the line of products CMC Joist has historically offered.
Our new name for these combined operations, CMC Joist & Deck, signifies the
commitment to grow CMC's deck business."
    Mr. Bouras comments, "I am excited that CMC is a company whose
integrity and culture closely aligns with ours. I am optimistic about the
future, knowing that so many of those who worked with me at Bouras will be
joining a company with an excellent track record of caring for customers,
suppliers, and employees."
    Forward Looking Statements
    Statements made in this press release that relate to future events,
expectations, performance or financial results of CMC are forward-looking
statements within the meanings of securities laws. CMC cautions that, by
their nature, forward-looking statements involve risk and uncertainty. In
particular there can be no assurance that the transaction disclosed in this
press release will be completed or that financial or operational results
resulting from the transaction will be advantageous to CMC. The
forward-looking statements contained in this press release speak only as of
this date, and the Company does not assume any obligation to update.
    Commercial Metals Company and subsidiaries manufacture, recycle and
market steel and metal products, related materials and services through a
network including steel minimills, steel fabrication and processing plants,
construction-related product warehouses, a copper tube mill, metal
recycling facilities and marketing and distribution offices in the United
States and in strategic overseas markets.

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