Commercial Metals Company (NYSE: CMC) has completed its previously announced acquisition of Foley Products Company, LLC, strengthening its position in the U.S. precast concrete market. The transaction, finalized for a cash purchase price of $1.84 billion subject to customary adjustments, marks a significant expansion of CMC’s construction solutions platform.
Based in the Southeast with additional operations in the Central and Western United States, Foley is a leading supplier of precast concrete and pipe products serving residential infrastructure, non-residential development, and major infrastructure projects. The company operates 18 facilities across nine states and offers a broad portfolio of solutions critical to drainage, water management, dry utility, and roadway construction applications.
Foley is widely recognized for its design and engineering expertise, manufacturing efficiency, and consistent product quality. Its capabilities complement CMC’s existing construction-related manufacturing operations and expand the company’s reach across fast-growing regional markets.
“I am very excited to welcome Foley's approximately 600 employees to the CMC team,” said Peter Matt, President and Chief Executive Officer. “With both the acquisitions of Foley and CP&P now closed, CMC operates one of the largest precast concrete businesses in the United States. The establishment of this platform represents a major new growth platform for our Company and should provide significant opportunities to create value for our customers and shareholders for years to come.”
With the addition of Foley, CMC further diversifies its product offerings while strengthening its ability to serve infrastructure and construction customers nationwide. The acquisition aligns with the company’s long-term strategy of expanding value-added solutions that support early-stage construction across multiple end markets.
CMC operates an extensive manufacturing network primarily located in the United States and Central Europe, delivering reinforcement products and technologies that support infrastructure, residential, non-residential, industrial, and energy-related construction. Company leadership noted that the Foley acquisition enhances CMC’s market share in precast concrete while creating new opportunities for operational synergies and long-term growth.
The company emphasized that the transaction supports its broader commitment to building a stronger, safer, and more sustainable world through innovative construction solutions.
Originally reported by Commercial Metals Company in PR Newswire.
