IRVING, Texas, Aug. 29 /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 Reinforcing Post-Tensioning Services, Inc. (RPS), Regional Steel
Corporation, and RPS Cable Corporation based in Claremont, California. RPS
is a fabricator and installer of concrete reinforcing steel,
post-tensioning cable and related products for commercial and public
construction projects with facilities in Fontana and Tracy, California, and
Las Vegas, Nevada, with an annual capacity of approximately 150,000 tons.
The acquired assets will operate as CMC Regional Steel and CMC Cable under
the CMC Americas Fabrication and Distribution segment.
"This acquisition continues our expansion of fabrication capacity in
the western states and solidifies our position as one of the largest rebar
fabricators in the United States," said Murray McClean, President and Chief
Executive Officer of Commercial Metals Company.
Russell Rinn, Executive Vice President of Commercial Metals Company and
President of CMC Americas, said, "We're pleased to finalize this
acquisition, and we welcome the employees of RPS, Regional Steel, and RPS
Cable to our CMC Americas family. We look forward to building on their
established reputation in the West and to their future contributions with
CMC."
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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