Commercial Metals Co. (CMC) is striking a bold move into the concrete arena. The global metals and construction giant announced Thursday that it will acquire Concrete Pipe & Precast LLC (CP&P) from Eagle Corp. and ECPP in a deal valued at $675 million.
The transaction, crafted with guidance from Willkie Farr & Gallagher LLP for CMC and King & Spalding LLP for Eagle, aims to fortify CMC’s presence in early-stage construction solutions while creating what the company calls a “meaningful” platform for long-term growth.
CEO Hails Strategic Leap
“This acquisition of CP&P is an exciting step forward,” said Peter Matt, CMC’s president and CEO. “By broadening our commercial portfolio in early-stage construction, we’re not only delivering value-accretive growth but also expanding the breadth of our job-site participation.”
Matt emphasized that the deal positions CMC to seize on powerful structural trends shaping the construction sector—ranging from infrastructure investment and industrial reshoring to surging energy demands.
