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Commercial Metals Company Acquires Tendon Systems, Llc

Commercial Metals Company Acquires Tendon Systems, Llc

03/20/23, 10:49 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgirving
Industry
natural resources
manufacturing
Commercial Metals Company (NYSE: CMC) ("CMC") today announced the acquisition of Tendon Systems, LLC ("Tendon"), a leading provider of post-tensioning, barrier cable, and concrete restoration solutions to the Southeastern United States. Tendon's products and services are used in a variety of construction types, including multi-family residential, parking structures, industrial and high-rise buildings. The company's primary offering, post-tension cable, is used in conjunction with rebar in most applications, providing meaningful commercial synergy opportunities to CMC. Tendon had revenues of approximately $60 million in calendar year 2022.

Company Info

Company
Commercial Metals Company
Location
Irving, Texas, United States
Company info
Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products, and provide related materials and services through a network of facilities that includes seven electric arc furnace ("EAF") mini mills, two EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland.

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