CMC Acquiring German Steel Fabrication Business

Commercial Metals Co., headquartered in Irving, Texas, has entered into a definitive purchase agreement with Bruhler Stahlhandel GmbH to acquire substantially all the operating assets of its steel fabrication business in Rosslau/Saxony-Anhalt in eastern Germany. The acquisition, to be made by CMC's subsidiary Commercial Metals Deutschland GmbH, is expected to close by the end of the year.

The fabrication unit has an annual capacity of 40,000 tons with customers in the eastern and western part of Germany serving the construction industry.

Hanns Zoellner, president of CMC's Marketing and Distribution Segment, who will have responsibility for the operations, said, "This acquisition continues our vertical integration strategy in Central Europe by enhancing our downstream capability in a strategic market."

Ludo Gajdos, president of CMC Zawiercie S.A., CMC's Polish steel minimill, added, "Major synergies exist between this acquisition and our current Polish operations. This will complement our fabrication operation in Zawiercie, Poland, extending our reach to western Poland and eastern Germany while providing more base load for our minimill."