IRVING, Texas, Aug. 16 /PRNewswire-FirstCall/ -- Commercial Metals Company
(NYSE: CMC), headquartered in Irving, Texas, announced today the acquisition
of substantially all of the operating assets of the Juarez, Mexico joist
manufacturing facility from a subsidiary of Canam Group, Inc. of Quebec,
Canada. The Juarez facility will join CMC's joist manufacturing group
operating as SMI Joist with facilities in Hope, Arkansas; Starke, Florida;
Iowa Falls, Iowa; Fallon, Nevada; and Cayce, South Carolina. The newly
acquired facility and equipment will allow SMI Joist to expand its territory
in the southwestern United States and northern Mexico and provide customers
with even better delivery. This facility is owned by CMC Fabricators, Inc.
and will operate as part of CMC's Domestic Fabrication operating segment.
Karl Schoenleber, Divisional Manager for CMC's Joist Division, said, "Our
acquisition of the Juarez facility will not only strengthen our presence in
the southwestern U.S. and improve our opportunity to grow in the region, but
will also position Commercial Metals Company for a growing market as demand
for joists increase in Mexico. This facility is recognized as one of the most
efficient and reliable manufacturers of joists in North America, and we are
pleased to retain the skilled work force and key managers."
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.commercialmetals.com
CONTACT:
Debbie Okle, Director, Public Relations of
Commercial Metals Company, +1-214-689-4354
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