August 29, 2008
Commercial Metals Company Completes Acquisition of Reinforcing Post-Tensioning Services, Inc. And Affiliates
IRVING, Texas, Aug. 29 /PRNewswire-FirstCall/ -- Commercial Metals Company , headquartered in Irving, Texas, announced today that it has completed the acquisition of substantially all the operating assets of Reinforcing Post-Tensioning Services, Inc. (RPS), Regional Steel Corporation, and RPS Cable Corporation based in Claremont, California. RPS is a fabricator and installer of concrete reinforcing steel, post-tensioning cable and related products for commercial and public construction projects with facilities in Fontana and Tracy, California, and Las Vegas, Nevada, with an annual capacity of approximately 150,000 tons. The acquired assets will operate as CMC Regional Steel and CMC Cable under the CMC Americas Fabrication and Distribution segment.
"This acquisition continues our expansion of fabrication capacity in the western states and solidifies our position as one of the largest rebar fabricators in the United States," said Murray McClean, President and Chief Executive Officer of Commercial Metals Company.Russell Rinn, Executive Vice President of Commercial Metals Company and President of CMC Americas, said, "We're pleased to finalize this acquisition, and we welcome the employees of RPS, Regional Steel, and RPS Cable to our CMC Americas family. We look forward to building on their established reputation in the West and to their future contributions with CMC."
Commercial Metals Company and subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network including steel minimills, steel fabrication and processing plants, construction-related product warehouses, a copper tube mill, metal recycling facilities and marketing and distribution offices in the United States and in strategic international markets.
Commercial Metals Company
CONTACT: Debbie Okle, Director, Public Relations of Commercial MetalsCompany, +1-214-689-4354
Web site: http://www.cmc.com/