Commercial Metals Company Acquires Concrete Pipe & Precast, LLC: A Strategic Move in the Infrastructure Sector

CP&P is recognized as a leading supplier of precast concrete and pipe solutions, operating across seven core states with 17 strategically located facilities. The company specializes in providing a comprehensive range of standard and engineered precast products that cater to infrastructure, non-residential, and residential construction markets. This acquisition aligns with CMC's growth strategy and is expected to capitalize on the increasing demand for infrastructure development, especially in sectors such as data center construction, stormwater management, and industrial reshoring.

Peter Matt, President and Chief Executive Officer of CMC, expressed enthusiasm about the acquisition, stating, "I am thrilled to welcome CP&P's 700 employees to the CMC team. This acquisition marks an important milestone in our Company's growth strategy, helping us bring more value to our customers and create more value for our shareholders."

By integrating CP&P into its operations, CMC aims to leverage the company's established competitive position, which includes scale in local geographies, a strong track record of customer service, and unique design and engineering capabilities. These attributes will enhance CMC's ability to meet the evolving needs of its customers and respond to the structural demand tailwinds in its operating regions.

Following the acquisition of CP&P, CMC is also on track to finalize its purchase of Foley Products Company by the end of 2025. Once both acquisitions are completed, CMC will operate one of the largest precast concrete platforms in the United States, positioning itself as a leader in the Mid-Atlantic and Southeastern markets.

Commercial Metals Company is dedicated to providing innovative solutions that contribute to a stronger, safer, and more sustainable world. With an extensive manufacturing network primarily located in the United States and Central Europe, CMC offers a variety of products and technologies tailored to meet the critical reinforcement needs of the global construction sector. The company’s offerings support various construction applications, including infrastructure, non-residential, residential, industrial, and energy generation.

The acquisition of Concrete Pipe & Precast, LLC marks a pivotal moment in Commercial Metals Company's journey toward enhancing its market presence and operational capabilities in the precast concrete sector. As CMC continues to expand its portfolio and geographic reach, it remains well-positioned to navigate the opportunities and challenges within the evolving construction landscape.