M&A Deal Summary

CMC Acquires Advanced Steel Recovery

On September 15, 2022, CMC acquired metals/mining company Advanced Steel Recovery

Acquisition Highlights
  • This is CMC’s 10th transaction in the Metals/Mining sector.
  • This is CMC’s 14th transaction in the United States.
  • This is CMC’s 3rd transaction in California.

M&A Deal Summary

Date 2022-09-15
Target Advanced Steel Recovery
Sector Metals/Mining
Buyer(s) CMC
Deal Type Add-on Acquisition

Target

Advanced Steel Recovery

Fontana, California, United States
Advanced Steel Recovery is a provider of recycled ferrous metals. ASR's primary operations include processing and brokering capabilities that efficiently source material for sale into both the domestic and export markets. Advanced Steel Recovery is based in Fontana, California.

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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 16 of 19
Sector (Metals/Mining) 10 of 10
Type (Add-on Acquisition) 15 of 18
State (California) 3 of 3
Country (United States) 14 of 17
Year (2022) 1 of 1
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-03 Roane Metals Group

Rockwood, Tennessee, United States

Roane Metals Group is capable of processing approximately 85,000 tons of ferrous and non-ferrous materials annually at its two facilities located in Tennessee. Roane Metals Group is based in Rockwood, Tennessee.

Buy -