IRVING, Texas, April 17 /PRNewswire-FirstCall/ -- Commercial Metals
Company (NYSE: CMC), headquartered in Irving, Texas, announced today that
it has completed the acquisition of substantially all the operating assets
of Nicholas J. Bouras, Inc., United Steel Deck, Inc., The New Columbia
Joist Company, and ABA Trucking Corporation. This acquisition was announced
in early March subject to regulatory approval and other conditions
precedent. The purchase price was approximately $146 million, including
inventory. 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 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.
Murray R. McClean, President & Chief Executive Officer, said, "This
acquisition will add joist manufacturing capacity to meet the needs of our
customers in the Northeast and will establish CMC Joist as a manufacturer
of steel deck. The acquisition is complementary to our current operations,
providing both geographic and product growth opportunities, and we look
forward to building on Bouras' longstanding history of reliable customer
service and quality."
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.
SOURCE Commercial Metals Company
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Related links:
http://www.cmc.com
CONTACT:
Debbie Okle, Director, Public Relations of
Commercial Metals Company, +1-214-689-4354
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