Commercial Metals Company will acquire Foley Products Company, the largest regional precast concrete supplier in the U.S., for $1.84 billion in cash. The deal, expected to close after regulatory review, will make CMC the third-largest precast player in the country and strengthen its presence in the Mid-Atlantic and Southeast. CMC projects the acquisition to be immediately accretive to earnings and free cash flow, with $25–30 million in annual synergies by year three. Combined with its pending CP&P purchase, CMC will operate 35 facilities across 14 states.