Commercial Metals Company, a Dallas-based steel company, announced the acquisition of substantially all of the operating assets of the Steel Division of Varmicon Partnership, Ltd., a rebar fabrication operation located in Harlingen, Texas. This facility will be owned by CMC Steel Fabricators, Inc. and operate under the name of SMI Valley Steel as part of the CMC Steel Group.
Varmicon's Steel Division has been operating since 1950. Mike Cantu will serve as General Manager of SMI Valley Steel.
Russ Rinn, president - Steel Group West, said "Adding SMI Valley Steel to our operations will expand our fabrication presence into the Rio Grande Valley, one of the fastest growing population centers in the country. We look forward to building on the sound reputation that Varmicon's Steel Division has established and continuing the SMI tradition of serving the customer with a dedicated team of professionals."Latest from Recycling Today
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