IRVING, Texas, Aug. 11 /PRNewswire-FirstCall/ -- Commercial Metals
Company (NYSE: CMC), headquartered in Irving, Texas, announced today the
acquisition of substantially all of the operating assets of Concrete
Formtek Services (CFS). Established in Santa Fe Springs, California in
1991, CFS specializes in forming and shoring rentals. The operation later
moved to Fontana, and finally to Riverside, California, where it will
continue to be located.
This facility will become a part of CMC Construction Services and will
operate under the name of CMC Formtek. Headquartered in Houston, Texas, CMC
Construction Services is part of CMC's Domestic Fabrication segment and has
47 locations in eleven states offering a variety of products and services
including rebar fabrication, engineering services for tilt-up, forming and
shoring rentals, and an extensive line of concrete-related construction
materials. Sarjon Kashto, the owner of CFS, will continue to manage the
business while Mark Starek will assume area management responsibilities of
the branch.
Binh Huynh, Executive Vice President and CMC Steel Group's CRP and
Rebar Divisional Manager, comments, "The acquisition of CFS will give us
the opportunity to enter the special forming and shoring rental business in
the West."
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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