Cmc To Buy Gerdau -

: Spread across the United States.

Commercial Metals Company () completed its acquisition of significant U.S. rebar assets from Gerdau S.A. in November 2018 for approximately $600 million in cash. cmc to buy gerdau

: These assets added roughly 2.5 million tons of annual mill rolling capacity to CMC’s portfolio. Market Analysis & Strategic Impact : Spread across the United States

: The move was part of a strategy to become a premier provider of concrete reinforcing products and to optimize its geographic footprint. Analysts noted it strengthened CMC's ability to compete with Nucor and manage risks from imports. in November 2018 for approximately $600 million in cash

: For the Brazilian-based Gerdau, selling these units was an "important milestone" in reducing financial leverage and shifting focus toward higher-return opportunities within its global operations.

: Located in Jacksonville (FL), Knoxville (TN), Sayreville (NJ), and Rancho Cucamonga (CA).