CMC Acquires Foley Products for $1.84B

Commercial Metals Co. said Thursday that it agreed to acquire Foley Products Co. for $1.84 billion in cash. Based outside Atlanta, Foley provides precast concrete and pipe products primarily in the Southeast, operating 18 facilities in nine states. The company’s products are used in drainage, water management, dry utility, and road construction across residential, non-residential and infrastructure sectors. 

In the Sept. 21 CDT Roundup, The Lawbook reported on Irving-based CMC’s acquisition of Concrete Pipe & Precast, which operates 17 facilities in seven states across the Mid-Atlantic and South, for $675 million cash.