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M&A Deal Summary

CMC Acquires Foley

On October 16, 2025, CMC acquired building materials company Foley for 1.8B USD

Acquisition Highlights
  • This is CMC’s 2nd transaction in the Building Materials sector.
  • This is CMC’s largest (disclosed) transaction.
  • This is CMC’s 19th transaction in the United States.
  • This is CMC’s 3rd transaction in Georgia.

M&A Deal Summary
Date 2025-10-16
Target Foley
Sector Building Materials
Buyer(s) CMC
Deal Type Add-on Acquisition
Deal Value 1.8B USD

Target

Foley

Newnan, Georgia, United States
Foley is a manufacturer of concrete pipe and precast products that offers a range of products, including reinforced concrete pipes, box culverts, precast concrete manholes, stormwater management systems, and utility vaults, thereby supplying critical products to the underground utility and water management industry. Foley was founded in 1981 and is based in Newnan, Georgia.

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Buyer(S) 1

Buyer

CMC

Irving, Texas, United States
Category Company
Founded 1915
Sector Metals/Mining
Employees13,178
Revenue 7.9B USD (2024)
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 21 of 21
Sector: Building Materials M&A 2 of 2
Type: Add-on Acquisition M&A Deals 20 of 20
State: Georgia M&A 3 of 3
Country: United States M&A 19 of 19
Year: 2025 M&A 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-18 Concrete Pipe & Precast

Ashland, Virginia, United States

Concrete Pipe & Precast is a supplier of precast concrete solutions to the U.S. Mid-Atlantic and South Atlantic regions. The company offers a complete line of standard and highly engineered precast and reinforced concrete pipe solutions to infrastructure, non-residential, and residential construction markets, and is well positioned to benefit from the structural demand tailwinds in its core regions, including data center construction, stormwater management, industrial re-shoring and infrastructure investment. Concrete Pipe & Precast was formed in 2012 and is based in Ashland, Virginia.

Buy $675M
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