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Commercial Metals Company Acquires Advanced Steel Recovery

PUBLIC · CMCSep 15, 2022

Acquiring Company

Commercial Metals

Acquired Company

Steel Recovery

IrvingManufacturingEnergyNatural ResourcesConstructionBuilding Maintenance

Description

Commercial Metals Company ( NYSE: CMC) ("CMC") today announced that as part of its strategic expansion in the Western U.S. it has acquired Advanced Steel Recovery, LLC (ASR), a leading supplier of recycled ferrous metals located in Southern California. ASR's primary operations include processing and brokering capabilities that efficiently source material for sale into both the domestic and export markets. ASR handles approximately 300,000 tons of scrap annually across its processing, industrial collection, and brokerage platforms.

Quick answer

Commercial Metals is acquiring Steel Recovery, announced September 15, 2022. Commercial Metals is based in Irving, Texas, United States.

How much did Commercial Metals pay for Steel Recovery?
The deal value was not disclosed.
What does Commercial Metals do?
Commercial Metals Co. is an Irving-based company that offers products and technologies to meet the critical reinforcement needs of the global construction sector.
Where are Commercial Metals and Steel Recovery based?
Commercial Metals is based in Irving, Texas, United States.
Who are the decision-makers at Commercial Metals?
Fundz holds 5 contacts at Commercial Metals. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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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 Steel Recovery?

Steel Recovery was acquired by Commercial Metals, based in Irving. The deal was reported on September 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 Steel Recovery?

Commercial Metals's acquisition of Steel Recovery was reported on September 15, 2022. Commercial Metals Company ( NYSE: CMC) ("CMC") today announced that as part of its strategic expansion in the Western U.S. it has acquired Advanced Steel Recovery, LLC (ASR), a leading supplier of recycled ferrous metals located in Southern California. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Steel Recovery do?

Steel Recovery is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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