On July 13, Irving, Texas-based Commercial Metals Company — a manufacturer, recycler and fabricator of steel and metal products — announced the purchase of EDSCO Fasteners LLC, a manufacturer of foundation anchor bolt cages and anchor bolts for electric transmission, substation, communications and transportation projects.
Financial details were not disclosed.
EDSCO serves the North American market from four manufacturing plants located in Texas, Utah, Tennessee, and North Carolina. The company has grown to become the nation’s largest provider of anchor cages for concrete reinforcement, according to a news release announcing the acquisition.
“This acquisition further advances CMC’s leadership position in construction reinforcement and extends our capabilities to new and growing applications,” said Barbara R. Smith, Chairman of the Board and Chief Executive Officer. “EDSCO’s innovative reinforcement solutions are well-positioned to benefit from the long-term transition to renewable energy, which will require extensive investment in electrical transmission capacity and wind power installations.”
For their fiscal year ending Aug. 31 of 2022, CMC had total sales of $2.4 billion.
Related Posts
-
Minnesota-based building supply distributor MacArthur Company acquired wholesale HVAC distributor American Metals Supply.
-
In Houston-based BLP, Ryerson gains a supplier of complex fabrication services and toll processing capabilities.
-
The acquisition supports Victaulic’s growth in the infrastructure and waterworks markets.
