European Investor
02 Dec 2025, 16:46
Commercial Metals Company (NYSE: CMC) announced it has completed the $675 million cash acquisition of Concrete Pipe & Precast, LLC (CP&P) from Eagle Corporation and ECPP, LLC, subject to customary adjustments. CP&P is a major supplier of precast concrete and pipe products across seven Mid-Atlantic and South Atlantic states, operating 17 facilities and serving infrastructure, non-residential, and residential construction markets. The business is positioned to benefit from strong regional demand drivers, including data center construction, stormwater management, industrial reshoring, and infrastructure investment.
CMC’s President and CEO Peter Matt said the deal is a key milestone in the company’s growth strategy, expanding its solutions offering and value proposition for customers while supporting shareholder value creation. The company also reiterated that it expects to close its previously announced acquisition of Foley Products Company by the end of 2025. After completing both transactions, CMC will operate one of the largest precast concrete platforms in the U.S., with a leading presence across the Mid-Atlantic and Southeastern regions.
CMC’s President and CEO Peter Matt said the deal is a key milestone in the company’s growth strategy, expanding its solutions offering and value proposition for customers while supporting shareholder value creation. The company also reiterated that it expects to close its previously announced acquisition of Foley Products Company by the end of 2025. After completing both transactions, CMC will operate one of the largest precast concrete platforms in the U.S., with a leading presence across the Mid-Atlantic and Southeastern regions.
