#United States #Irving #Commercial Metals #CMC #Concrete Pipe

Commercial Metals Company Finalizes Acquisition of Concrete Pipe & Precast, LLC

On December 1, 2025, Commercial Metals Company (CMC), a publicly traded company on the NYSE under the ticker CMC, announced the successful completion of its acquisition of Concrete Pipe & Precast, LLC (CPP). The acquisition, finalized for an estimated cash price of $675 million, is expected to enhance CMC's product offerings and market reach, particularly in the Mid-Atlantic and South Atlantic regions of the United States. This strategic move positions CMC to capitalize on increasing demand within the construction sector, particularly for precast concrete solutions.

Strategic Significance of the Acquisition

Concrete Pipe & Precast is renowned as a leading supplier of precast concrete and pipe products, operating 17 strategically located facilities across seven states. This acquisition marks a pivotal step in CMC's growth strategy as it taps into a robust market characterized by a sustained demand for infrastructure, environmental solutions, and residential construction. The structural demand tailwinds include increasing data center construction, stormwater management projects, industrial re-shoring, and heightened infrastructure investments.

Peter Matt, the President and CEO of CMC, expressed enthusiasm over the acquisition, stating, "I am thrilled to welcome CPP's 700 employees to the CMC team. This acquisition marks an important milestone in our Company's growth strategy, helping us bring more value to our customers and create more value for our shareholders." Such integration not only expands CMC’s capabilities but also enhances its competitive advantage through scale and technological proficiency in local markets.

Market Position and Benefits

The acquisition of CPP adds a substantial footprint for CMC in the precast concrete sector, positioning them as one of the largest service providers in the United States. CPP's existing client base and established reputation for superior customer service and innovative design techniques positions CMC to leverage CPP’s strengths. This strategic alignment will help CMC meet growing market needs while reinforcing its commitment to providing quality infrastructure capabilities.

With CPP's portfolio, CMC will enjoy a more comprehensive product range, spanning standard and highly engineered precast concrete solutions. These products are critical in addressing contemporary infrastructural challenges and aligning with sustainability goals prevalent in today's construction practices.

Future Growth Initiatives

Looking ahead, CMC has plans to complete its forthcoming acquisition of Foley Products Company by the end of 2025. Upon the closure of both CPP and Foley, CMC anticipates solidifying its leadership position across the Mid-Atlantic and Southeastern regions. This ambitious growth trajectory is indicative of CMC's commitment to enhancing its operational capabilities, expanding its market share, and optimizing its resource utilization to better serve clients.