Commercial Metals Co. to acquire certain U.S. rebar assets from Gerdau

Commercial Metals Co., a manufacturer and recycler of steel and metal products in Irving, Texas, has announced it has entered into a definitive agreement to acquire certain U.S. rebar steel mill and fabrication assets from Gerdau S.A., a producer of long and specialty steel products in the Americas.

The acquisition includes 33 rebar fabrication facilities in the U.S., as well as steel mills located in Knoxville, Tenn.; Jacksonville, Fla; Sayreville, N.J.; and Rancho Cucamonga, Calif., with annual mill rolling capacity of 2.5 million tons.

Upon completion of the acquisition, CMC will have an expanded geographic footprint in the largest construction regions in the U.S. After adding the incremental 2.7 million tons of melt capacity, CMC will have approximately 7.2 million tons of global melt capacity at the close of the transaction.