News Summary
Commercial Metals Company has acquired Foley Products Company for $1.84 billion, enhancing its precast concrete platform. This strategic move is projected to improve CMC’s market position and financial profile by expanding its reach into the precast concrete sector. With the integration of Foley Products, CMC aims to implement best practices across 35 facilities, solidifying its status as a leading supplier in the construction materials industry. Analysts are keenly observing the impacts of this acquisition on the precast concrete landscape.
Irving, TX – Commercial Metals Company (CMC) has announced the acquisition of Foley Products Company, located in Georgia, for a cash purchase price of $1.84 billion. Foley Products is recognized as the largest regional supplier of precast concrete solutions in the United States.
This strategic acquisition is expected to significantly enhance CMC’s precast platform, allowing for immediate scale and offering new opportunities for value creation within this segment. CMC’s President and CEO noted that the incorporation of Foley Products brings a best-in-class business with industry-leading margins, positioning CMC to capitalize on synergies across its operations.
The acquisition is expected to complement CMC’s previous purchase of Concrete Pipe & Precast (CP&P), which was acquired for $675 million in September 2025. Together, these acquisitions will enable CMC to operate a total of 35 facilities across 14 states, effectively making it the third-largest precast platform in the nation.
With this expanded footprint, CMC will enhance its leadership in the precast concrete market, particularly in the Mid-Atlantic and Southeast regions. The strategic benefits of this growth are anticipated to not only improve CMC’s financial profile but also lead to sustainably higher and more stable margins and cash flow.
The integration of Foley Products is expected to unlock further growth potential, as CMC will implement best practices across its newly expanded network of facilities. This move is a key step in CMC’s plan to strengthen its position in the precast concrete solutions market, ensuring better service delivery and operational efficiencies for its clients.
Foley Products has been a significant player in the precast concrete sector, with a reputation for quality and reliability that CMC aims to maintain and build upon. The acquisition aligns with CMC’s growth strategy, which focuses on diversifying its offerings and increasing its market share within the construction materials industry.
As CMC moves forward with this acquisition, industry analysts are closely watching how the integration of Foley will unfold and the long-term impacts it may have on the precast concrete landscape. The broader implications of such strategic mergers in the construction materials sector highlight the ongoing trends towards consolidation as companies seek to capture greater market shares and operational efficiencies.
This acquisition underscores the dynamic nature of the construction industry and CMC’s commitment to enhancing its product offerings to meet the evolving needs of its customers. As CMC continues to adapt and grow, the incorporation of sought-after solutions like those provided by Foley is likely to set a benchmark for future industry developments.
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