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Commercial Metals Makes Acquisition

General News
Commercial Metals Logo Lumber Secondary Manufacturer, Retail/Yard/Dealer, Stocking Wholesaler/Distributor

Commercial Metals Company (NYSE: CMC) (“CMC”) today announced it has acquired all the assets of metal recycling company Roane Metals Group LLC (“Roane”).

Roane is capable of processing approximately 85,000 tons of ferrous and non-ferrous materials annually at its two facilities located in Tennessee. The majority of volumes relate to obsolete ferrous scrap grades consumed by CMC’s long product mills.

The acquired assets are expected to enhance the security and supply of competitively priced inputs to CMC’s steelmaking operations.

About Commercial Metals Company

Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products and provide related materials and services through a network of facilities that includes seven electric arc furnace (“EAF”) mini mills, two EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland. Through its Tensar division, CMC is a leading global provider of innovative ground and soil stabilization solutions selling into more than 80 national markets through its two major product lines: Tensar® geogrids and Geopier® foundation systems.