M&A Deal Summary

CMC Acquires AZZ - Galvabar Business

On July 21, 2020, CMC acquired metals/mining company AZZ - Galvabar Business from AZZ

Acquisition Highlights
  • This is CMC’s 9th transaction in the Metals/Mining sector.
  • This is CMC’s 12th transaction in the United States.
  • This is CMC’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2020-07-21
Target AZZ - Galvabar Business
Sector Metals/Mining
Buyer(s) CMC
Sellers(s) AZZ
Deal Type Divestiture

Target

AZZ - Galvabar Business

Catoosa, Oklahoma, United States
AZZ's Galvabar Business is galvanized rebar with a zinc alloy coating that provides both superior corrosion protection and exceptional post-fabrication formability. GalvaBar can be fabricated without special equipment and gives control of product flow and customer service. GalvaBar utilizes the existing supply chains while providing superior customer service and availability.

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Buyer(S) 1

Buyer

CMC

Irving, Texas, United States
Category Company
Founded 1915
Sector Metals/Mining
Employees13,022
Revenue 8.8B USD (2023)
DESCRIPTION
Entrance to Commercial Metals' corporate headquarters in Irving, Texas.
Entrance to Commercial Metals' corporate headquarters in Irving, Texas.

CMC is a global manufacturer, recycler, marketer and distributor of steel and metal products, related materials and services. CMC was incorporated in 1915 and is based in Irving, Texas.

DEAL STATS #
Overall 14 of 19
Sector (Metals/Mining) 9 of 10
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 12 of 17
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-27 MMFX Technologies

Irvine, California, United States

MMFX Technologies Corp. is a marketer and seller of proprietary specialty steel products, including its ChrōmX line of high strength, corrosion-resistant rebar. MMFX operates out of Irvine, California, and its products are sold throughout the United States and Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Tensar

Alpharetta, Georgia, United States

Tensar is a global provider of innovative subgrade soil reinforcement solutions, selling into more than 80 national markets through its two major product lines: Tensar geogrids and Geopier foundation systems. Geogrids are polymer-based products used for ground stabilization, soil reinforcement, and asphalt optimization in construction applications including roadways, public infrastructure, and industrial facilities. Tensar originated geogrid technology, which reduces aggregate consumption, thereby decreasing construction time, expense, and the project owner's cost of lifetime maintenance. The company also has a large portfolio of proprietary products. Tensar was formed in 1983 and is based in Alpharetta, Georgia.

Buy $550M

Seller(S) 1

SELLER

AZZ

Fort Worth, Texas, United States
Category Company
Founded 1956
Sector Electrical Equipment
Employees3,873
Revenue 1.5B USD (2024)
DESCRIPTION
Entrance to AZZ's corporate headquarters in Fort Worth, Texas.
Entrance to AZZ's corporate headquarters in Fort Worth, Texas.

AZZ is an electrical equipment manufacturer serving the global markets of industrial, power generation, transmission and distribution, as well as a provider of hot dip galvanizing services to the North American steel fabrication market. AZZ was founded in 1956 and is based in Fort Worth, Texas.

DEAL STATS #
Overall 2 of 3
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 2 of 3
State (Oklahoma) 1 of 1
Country (United States) 2 of 3
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-11 Nuclear Logistics

Fort Worth, Texas, United States

Nuclear Logistics, Inc., is a provider of electrical and mechanical equipment and services for enhancing the safety of nuclear facilities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 AZZ SMS

St. Petersburg, Florida, United States

AZZ SMS LLC is a mechanical contractor that provides field services with a 26,155 square foot facility located in St. Petersburg, Florida.

Sell -
Mergr

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