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Commercial Metals Company Acquires Texas Metal Recycling Facility

PUBLIC · CMCNov 15, 2022

Acquiring Company

Commercial Metals

Acquired Company

Metal Recycling Facility

IrvingUnited KingdomManufacturingEnergyNatural ResourcesConstructionBuilding Maintenance

Description

Commercial Metals Company (NYSE: CMC) ("CMC") today announced it completed the acquisition of a Galveston area metals recycling facility and related assets from Kodiak Resources, Inc. and Kodiak Properties, L.L.C. The acquired operation annually processes approximately 55,000 tons of ferrous and non-ferrous materials, with the majority of volumes related to obsolete ferrous scrap grades consumed by CMC's long product mills. The transaction is expected to enhance the security and supply of competitively priced inputs to CMC's steelmaking operations.

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Company Information

Company

Commercial Metals

Location

6565 N. Macarthur Blvd., Suite 800

Irving, Texas, United States

About

Commercial Metals Co. is an Irving-based company that offers products and technologies to meet the critical reinforcement needs of the global construction sector. The company supports construction across a variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission.

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Frequently asked

Who acquired Metal Recycling Facility?

Metal Recycling Facility was acquired by Commercial Metals, based in Irving. The deal was reported on November 15, 2022. Commercial Metals Co. is an Irving-based company that offers products and technologies to meet the critical reinforcement needs of the global construction sector. Commercial Metals is publicly traded (CMC) and operates in Manufacturing.

When did Commercial Metals acquire Metal Recycling Facility?

Commercial Metals's acquisition of Metal Recycling Facility was reported on November 15, 2022. Commercial Metals Company (NYSE: CMC) ("CMC") today announced it completed the acquisition of a Galveston area metals recycling facility and related assets from Kodiak Resources, Inc. and Kodiak Properties, L.L.C. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Metal Recycling Facility do?

Looking for the best scrap metal company in Luton, Dunstable, St Albans, Leighton Buzzard or Flitwick? RMI for scrap metal recycling. It is privately held, and is based in United Kingdom.

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