Commercial Metals Company Acquires Geogrid Manufacturing Plant
Commercial Metals Company (NYSE: CMC) (“CMC”) today announced it has acquired a geosynthetics manufacturing facility from BOSTD – America. The facility, located in Blackwell, Oklahoma, currently produces several product lines for Tensar Geogrid under a contract manufacturing arrangement.
This acquisition will not immediately increase Tensar’s manufacturing capacity, but provides enhanced flexibility in Tensar’s supply chain, as well as the opportunity for low capital cost capacity additions in the future.
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.
Source: Commercial Metals Company