November 22, 2008

CMC acquires assets of ABC Coating companies and affiliates

Commercial Metals Company announced that it has completed the acquisition of substantially all the operating assets of ABC Coating Company of Texas Inc of Texas, ABC Coating Co Inc of Colorado, Banner Rebar Inc of Colorado and Toltec Steel Service, Inc of Illinois. The acquisition also includes Texas based Rebar Trucking, Inc and the 50% interest of the ABC Coating of North Carolina joint venture with CMC in Gastonia and ABC Coating Tennessee of Nashville.

ABC Coating companies established in 1978 are involved in rebar fabrication and epoxy coated reinforcing bar servicing the southwest, Midwest and Southeast US with approximately 250 employees. All six locations will become a part of the CMC Americas Fabrication and Distribution segment.

Mr Russ Rinn executive vice president of CMC & CMC Americas President said that “We are excited about bringing this group of companies into the CMC family. The geographical and product line expansion will enable us to offer additional value-added services to our customer base. Their outstanding team of employees who exemplify the drive and leadership of the company's founder, Don Benge will provide additional strength to our Company.”

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.