Commercial Metals Company (NYSE: CMC) closed a $675 million cash deal for Concrete Pipe & Precast, LLC (CP&P) on December 1, 2025. The purchase adds 17 CP&P facilities—located in the Mid‑Atlantic and South Atlantic regions—to CMC’s existing precast footprint, bringing the combined platform to 35 sites across 14 states.
The acquisition positions CMC as the third‑largest precast concrete provider in the United States and is a cornerstone of the company’s strategy to shift toward higher‑margin, lower‑capital‑intensity businesses. By adding CP&P’s well‑established regional network, CMC gains immediate scale and access to a market that is valued at roughly $30 billion annually and remains highly fragmented, creating consolidation opportunities.
Financially, management projects the new platform to generate about $250 million of adjusted EBITDA in calendar 2025, with EBITDA margins exceeding 34%. The transaction is expected to be immediately accretive to earnings per share and free‑cash‑flow per share. CMC also anticipates annual run‑rate synergies of $5 million to $10 million by year three, primarily from operational optimization and cost‑sharing across the expanded network.
Peter Matt, President and CEO of CMC, said the deal “marks an important milestone in our growth strategy, helping us bring more value to our customers and create more value for our shareholders.” He added that the acquisition “creates immediate scale and adds a best‑in‑class business with industry‑leading margins.”
With the CP&P deal closed, CMC is preparing to finalize its purchase of Foley Products Company later in 2025, a $1.84 billion transaction that will further strengthen its early‑stage construction solutions offering. The combined CP&P and Foley platforms are expected to deliver annual cost savings of $25 million to $30 million and position CMC to capture tailwinds from data‑center construction, stormwater management, and infrastructure investment.
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