Commercial Metals Company Enhances Market Reach with Foley Products Acquisition

Commercial Metals Company Completes Acquisition of Foley Products

On December 15, 2025, Commercial Metals Company (CMC), a major player in the steel industry, announced that it has acquired Foley Products Company for a total cash amount of $1.84 billion. This strategic move is set to bolster CMC's presence in the precast concrete sector and position the company as one of the leading suppliers in this industry across the United States, particularly in the Southeast region.

Foley Products Company is well-known for its precast concrete and pipe products. Operating 18 facilities across nine states, Foley boasts a robust portfolio that caters to diverse applications including drainage, water management, and road construction—key areas that are critical for both residential and non-residential infrastructure. This acquisition is expected to provide an expanded suite of solutions, enhancing CMC's offerings and market competitiveness.

Peter Matt, CMC's President and Chief Executive Officer, expressed enthusiasm about the acquisition during the announcement. "I am very excited to welcome Foley's approximately 600 employees to the CMC team," he stated. Matt emphasized that the culmination of this acquisition alongside the earlier integration of Concrete Pipe & Precast, LLC positions CMC as a significant player in the precast concrete market, paving the way for major growth opportunities.

Benefits of the Acquisition

The acquisition of Foley Products comes with multiple advantages for CMC, primarily enhancing its manufacturing capabilities. Foley is recognized for its efficiency in design and engineering, manufacturing quality, and the breadth of its product range. These attributes are expected to integrate seamlessly into CMC's current operations, thereby driving improvements in production efficiencies and customer service enhancements.

Moreover, the consolidation of resources and knowledge from both companies will inevitably lead to innovative solutions that meet the pressing needs of the construction sector, especially in light of evolving industry demands. Given the increasing requirements for sustainable construction practices, the capabilities that Foley brings to the table will significantly contribute to CMC's objectives towards sustainability.

Future Outlook

This acquisition is not just about increasing market share; it also symbolizes a commitment to long-term growth and value creation for shareholders. Peter Matt indicated that the integration of Foley Products represents a major new platform for growth. In particular, CMC aims to leverage the synergies that this acquisition offers to broaden its market reach and enhance customer service capabilities for years to come.

CMCs strategic direction focuses on building a stronger, safer, and more sustainable world, and this acquisition aligns perfectly with that vision. By enhancing the range of essential products and solutions available through Foley, CMC is poised to respond effectively to the challenges faced by the construction industry.

Conclusion

In conclusion, the successful acquisition of Foley Products Company places Commercial Metals Company in a favorable position within the precast concrete market. With this addition, CMC not only strengthens its operational capacity but also reinforces its standing as an innovative solutions provider in the broader construction sector. As the integration progresses, stakeholders and industry watchers will be keen to observe the resultant impacts on both CMC’s performance and the overall market dynamics in the precast concrete space. As CMC continues to evolve, this acquisition marks a significant milestone in its ambitious growth journey.