CMC Acquiring Yonack Iron & Metal Co.

Commercial Metals Co. has entered into a definitive agreement to purchase substantially all the operating assets of Yonack Iron & Metal Co. and Metallic Industries, LLC. Yonack operates scrap yards in Dallas and Forney, Tex.; Stroud, Okla.; and Lonoke, Ark. The Yonack operations will become a part of the CMC Recycling segment.

The deal is expected to be complete within two months.

Alan Postel, CMCR president, said, "This addition brings to CMCR not only significant scrap processing equipment including 1,200 roll off boxes and containers with a modern truck fleet in tip top condition to service industrial accounts, but also, and more importantly, an outstanding team of well respected and energetic scrap metal professionals. We are excited to have the opportunity to work together to expand the business and build on Yonack's history of outstanding customer service."