IRVING, Texas, June 12 /PRNewswire-FirstCall/ -- Commercial Metals
Company (NYSE: CMC), headquartered in Irving, Texas, announced today that
it has closed the previously announced purchase of substantially all the
operating assets of Yonack Iron & Metal Co. and Metallic Industries, LLC.
The acquisition also included the operating assets of two affiliates,
Yonack Services, Inc. and Plastex International, Inc. Yonack operates scrap
metal processing facilities in Dallas and Forney, Texas; Stroud, Oklahoma
and Lonoke, Arkansas. Plastex is a recycler of plastic scrap with
operations in Grand Prairie, Texas. The facilities will operate as part of
the Recycling segment of Commercial Metals Company under the CMC Recycling
(CMCR) name. Bob Yonack, President and sole shareholder of Yonack, will
serve in a consulting capacity to CMCR.
    Murray R. McClean, President and Chief Operating Officer of CMC said,
"This acquisition is an excellent fit with our existing metals recycling
facilities located in the area. We anticipate monthly generation of up to
18,000 tons of ferrous scrap and 4,000 tons of nonferrous scrap. We expect
this acquisition to offer continuing opportunities for revenue gains and
cost savings as we fully integrate the operations."
    Alan Postel, CMCR President, added, "We look forward to working
together to expand the business and build on Yonack's history of
outstanding customer service. The Plastex acquisition is our entry into
plastic recycling."
    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.
    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 financial or operational
results of the transaction disclosed in this press release 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.

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