CMC TO ACQUIRE FOLEY PRODUCTS COMPANY

IRVING, Texas, Oct. 16, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced it has entered into a definitive agreement to acquire Foley Products Company ("Foley"), the largest regional supplier of precast concrete solutions in the United States and leader within the Southeastern U.S., for a cash purchase price of $1.84 billion, subject to customary purchase price adjustments. The purchase price represents a multiple of 10.3x Foley's forecasted 2025 EBITDA. When anticipated cash tax benefits are included, the effective multiple is reduced to approximately 9.2x. The transaction is expected to be immediately accretive to earnings per share and free cash flow per share, and by year three annual run-rate synergies are expected in a range of $25 million to $30 million of EBITDA.

Read more at prnewswire.com