IRVING, Texas, July 1 /PRNewswire-FirstCall/ -- Commercial Metals
Company (NYSE: CMC) announced today that it has completed the acquisition
of substantially all the operating assets of ABC Coating Company of Texas,
Inc. of Waxahachie, Texas; ABC Coating Co., Inc. of Brighton, Colorado;
Banner Rebar Inc. of Denver, Colorado; and Toltec Steel Services, Inc. of
Kankakee, Illinois. The acquisition also includes Texas-based Rebar
Trucking, Inc. and the 50% interest of the ABC Coating of North Carolina
joint venture with CMC in Gastonia and ABC Coating Tennessee of Nashville.
Established in 1978, ABC Coating companies are involved in rebar
fabrication and epoxy coated reinforcing bar servicing the southwest,
midwest and southeast U.S. with approximately 250 employees. All six
locations will become a part of the CMC Americas Fabrication and
Distribution segment.
Russ Rinn, CMC Executive Vice President and CMC Americas President,
said, "We are excited about bringing this group of companies into the CMC
family. The geographical and product line expansion will enable us to offer
additional value-added services to our customer base. Their outstanding
team of employees -- who exemplify the drive and leadership of the
company's founder, Don Benge -- will provide additional strength to our
Company."
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 international 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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