CMC TO ACQUIRE CONCRETE PIPE & PRECAST, LLC

IRVING, Texas, Sept. 18, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced it has entered into a definitive agreement to acquire Concrete Pipe & Precast, LLC ("CP&P"), a leading supplier of precast concrete solutions to the U.S. Mid-Atlantic and South Atlantic regions, from Eagle Corporation and ECPP, LLC for a cash purchase price of $675 million, subject to customary adjustments.  The purchase price represents a multiple of 9.5x CP&P's forecasted 2025 EBITDA.  When anticipated cash tax benefits are included, the effective multiple is reduced to approximately 8.5x.  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, primarily related to optimization initiatives, are expected in a range of $5 million to $10 million.

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