Texas-based Commercial Metals Company (CMC) announced Wednesday that it has concluded the acquisition of Economy Steel Inc., a company based in Las Vegas, Nevada.
As part of the CMC Americas' Fabrication and Distribution segment, the acquired assets will operate under the new name of CMC Economy Steel.
CMC Economy Steel was established in 1980 as a rebar fabricator, placer, construction-related products supplier and steel service center. Commercial Metals Company manufactures, recycles and markets steel and metal products, related materials and services.
CMC Executive Vice President and CMC Americas President, Russ Rinn, said, "This acquisition fits strategically with our company initiative for growth and expansion into a new geographic market. The purchase will also support the development and operational success of CMC's future micromill in Arizona."