Commercial Metals Company

Short description: Steel and metal manufacturer

Commercial Metals Company

Type| Public company

Traded as

| NYSE: CMC
S&P 400 component
Industry| Metals
Founded| 1915; 109 years ago (1915)
Headquarters| Irving, Texas,

United States

Key people

| Barbara R. Smith, Chairman
Peter R. Matt, President & CEO
Paul J. Lawrence, CFO
Tracy L. Porter, COO
Products| Steel
Revenue|  $8.799 billion (FY 2023)

Net income

|  $859 million (FY 2023)
Total assets|  $6.639 billion (FY 2023)
Total equity|  $4.120 billion (FY 2023)

Number of employees

| 13,022 (2023)
Website| www.cmc.com
Footnotes / references
[1]

Commercial Metals Company (CMC), headquartered in Irving, Texas, is a producer of rebar and related products for the construction industry. Along with Nucor, it is one of two primary suppliers of steel used to reinforce concrete in buildings, bridges, roads, and infrastructure in the U.S. The company also owns Tensar, a producer of foundation systems used for the construction of roadways, public infrastructure, and industrial facilities.[1]

CMC employs over 12,000 people working at over 212 facilities located in the United States, United Kingdom, and Central Europe. [2]

In 2022 net sales totaled $8.9 billion and 6.1 million short tons of steel were shipped to external customers. [3]

The company was founded in 1915 by Russian immigrant Jacob Feldman as American Iron & Metal Company, a scrap trading company.[4]

## Contents

* 1 Acquisitions and divestitures
* 2 See also
* 3 References
* 4 External links

## Acquisitions and divestitures

Date  | Acquisition / Divestiture  | Company  | Price  | Ref(s).

|
|
|
|

1994  | Acquisition  | Owen Steel Company  | $87 million  | [5]
2007  | Acquisition  | Assets of Nicholas J. Bouras Inc.  | $63 million  | [6]
2012  | Divestiture  | Heavy fabrication plant of SMI-Owen Steel  | $20 million  | [7]
2011  | Acquisition  | G.A.M. Steel Pty. Ltd of Australia  | Undisclosed  | [8]
2013  | Divestiture  | Howell Metal Company  | $58.5 million  | [9]
2016  | Acquisition  | Steel fabrication business of Associated Steel Workers, Limited (steel fabrication facility in Kapolei, Hawaii)  | Undisclosed  | [10]
2017  | Divestiture  | CMC Cometals Division  | $179 million  | [11]
2018  | Acquisition  | 33 rebar manufacturing facilities and 4 EAF mini mills from Gerdau | $600 million  | [12][13]
2022  | Divestiture  | 95-acre land parcel in Rancho Cucamonga, California; former site of steel mill acquired from Gerdau  | $313 million  | [14][15]
2022  | Acquisition  | Tensar  | $550 million  | [16]
2022  | Acquisition  | Advanced Steel Recovery  | Undisclosed  | [17]
2022  | Acquisition  | Galveston area metals recycling facility  | Undisclosed  | [18]
2023  | Acquisition  | Roane Metals Group LLC  | Undisclosed  | [19]
2023  | Acquisition  | EDSCO Fasteners LLC  | Undisclosed  | [20]

## See also

* List of steel producers
* History of the Commercial Metals Company

## References

1. ↑ 1.0 1.1 "Commercial Metals Company Form 10-K Annual Report for the Fiscal Year Ended August 31, 2023". U.S. Securities and Exchange Commission. https://www.sec.gov/ix?doc=/Archives/edgar/data/22444/000002244423000126/cmc-20230831.htm.
2. ↑ "Who We Are – CMC" (in en-US). https://esg.cmc.com/about/who-we-are/.
3. ↑ "Who We Are – CMC" (in en-US). https://esg.cmc.com/about/who-we-are/.
4. ↑ "Commercial Metals Company". Encyclopedia.com. https://www.encyclopedia.com/social-sciences-and-law/economics-business-and-labor/businesses-and-occupations/commercial-metals-company.
5. ↑ "Commercial Metals to Acquire Owen Steel". The New York Times. Bloomberg News. September 28, 1994. https://www.nytimes.com/1994/09/28/business/company-news-commercial-metals-to-acquire-owen-steel.html.
6. ↑ "Commercial Metals to buy Bouras assets for $63M". American City Business Journals. March 5, 2007. https://www.bizjournals.com/dallas/stories/2007/03/05/daily6.html.
7. ↑ "Commercial Metals sells SMI-Owen plant". American City Business Journals. March 28, 2002. https://www.bizjournals.com/dallas/stories/2002/03/25/daily39.html.
8. ↑ "Commercial Metals Company Completes Acquisition of Australian Long Products Distributor G.A.M. Steel Pty. Ltd" (Press release). PR Newswire. June 3, 2011.
9. ↑ "Commercial Metals Company Announces Sale Of 100% Ownership Interests In Howell Metal Company" (Press release). PR Newswire. October 17, 2013.
10. ↑ "Commercial Metals Company Signs Definitive Asset Purchase Agreement for Purchase of Steel Fabrication Business of Associated Steel Workers, Limited" (Press release). PR Newswire. October 26, 2016.
11. ↑ "Commercial Metals Company Announces Completion of Sale of CMC Cometals Division" (Press release). PR Newswire. August 31, 2017.
12. ↑ "Irving-based steel manufacturer Commercial Metals plans $600 million acquisition to double capacity". The Dallas Morning News. January 2, 2018. https://www.dallasnews.com/business/local-companies/2018/01/03/irving-based-steel-manufacturer-commercial-metals-plans-600-million-acquisition-to-double-capacity/.
13. ↑ "Commercial Metals Company Completes Acquisition Of Certain U.S. Rebar Assets From Gerdau" (Press release). PR Newswire. November 5, 2018.
14. ↑ "Commercial Metals Company Completes Southern California Land Sale" (Press release). PR Newswire. January 4, 2022.
15. ↑ Bach, Trevor (January 4, 2022). "Ares buys site of shuttered steel mill in Inland Empire". The Real Deal. https://therealdeal.com/la/2022/01/04/ares-pays-313m-for-inland-empire-industrial-patch/.
16. ↑ "Commercial Metals Completes Acquisition of Tensar Corporation" (Press release). PR Newswire. April 25, 2022.
17. ↑ "Commercial Metals Company Acquires Advanced Steel Recovery" (Press release). PR Newswire. September 15, 2022.
18. ↑ "Commercial Metals Company Acquires Texas Metal Recycling Facility" (Press release). PR Newswire. November 15, 2022.
19. ↑ "COMMERCIAL METALS COMPANY ACQUIRES TENNESSEE METAL RECYCLING COMPANY" (Press release). PR Newswire. March 3, 2023.
20. ↑ "Commercial Metals Company Acquires EDSCO Fasteners LLC" (Press release). PR Newswire. July 13, 2023.

## External links

* Business data for Commercial Metals Company:

* Google Finance
* Yahoo! Finance
* Bloomberg
* Reuters
* SEC filings

0.00

(0 votes)

Original source: https://en.wikipedia.org/wiki/Commercial Metals Company. Read more

|

Retrieved from "https://handwiki.org/wiki/index.php?title=Company:Commercial_Metals_Company&oldid=3480368"