September 07, 2008

CMC acquires Economy Steel

Commercial Metals Company announced that it has completed the acquisition of substantially all the operating assets of Economy Steel, Inc of Las Vegas. The acquired assets will operate under the new name of CMC Economy Steel and as part of CMC Americas' Fabrication and Distribution segment.

Established in 1980, CMC Economy Steel is a rebar fabricator, placer, construction related products supplier and steel service center.

Mr Karl Gamertsfelder Area Manager Desert States, will assume the role of General Manager and Chuck Darnell, former owner, will serve as Operations Manager for the facility.

Mr Russ Rinn executive vice president of CMC and president of CMC Americas said that "This acquisition fits strategically with our company initiative for growth and expansion into a new geographic market. The purchase will also support the development and operational success of CMC's future micromill in Arizona."

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 overseas markets.