Commercial Metals Company Acquires Concrete Pipe & Precast in Strategic Expansion

Commercial Metals Company has acquired Concrete Pipe & Precast, LLC. The acquisition is expected to expand the company's presence in the concrete pipe and precast products market.

Commercial Metals Company (NYSE:CMC) has entered into an equity purchase agreement to acquire Concrete Pipe & Precast, LLC (CP&P) for approximately $675 million in cash, subject to customary adjustments. The acquisition, announced on September 17, 2025, aims to expand CMC's presence in the U.S. precast concrete market Commercial Metals Company entered into an equity purchase agreement to acquire Concrete Pipe & Precast, LLC from Eagle Corporation for approximately $680 million.^[1].

The purchase price represents a multiple of 9.5x CP&P's forecasted 2025 EBITDA, with the deal expected to be immediately accretive to earnings per share and free cash flow per share. By year three, annual run-rate synergies are projected to reach between $5 million and $10 million, primarily driven by optimization initiatives Commercial Metals To Acquire CP&P In $675 Million Push Into Precast Market^[2].

CP&P operates 17 facilities across seven states, offering standard and engineered precast concrete and pipe products to infrastructure, non-residential, and residential construction markets. The acquisition will allow CMC to tap into a high-growth area that complements its existing steel business while adding a less capital-intensive revenue stream Commercial Metals to acquire Concrete Pipe & Precast for $675 million^[3].

The boards of all parties involved have approved the transaction, which will be financed with CMC's existing cash. Closing is expected following regulatory review, with CP&P's financial results to be reported within CMC's Emerging Businesses Group operating segment Commercial Metals Company entered into an equity purchase agreement to acquire Concrete Pipe & Precast, LLC from Eagle Corporation for approximately $680 million.^[1].

The U.S. precast concrete market generates about $30 billion annually and remains fragmented, with the top 10 companies holding less than a quarter of the market. This structure creates room for growth through scale and acquisitions, with margins in the sector typically exceeding 20% Commercial Metals To Acquire CP&P In $675 Million Push Into Precast Market^[2].

CMC's balance sheet and liquidity position as of May 31, 2025, showed cash and cash equivalents totaling $893.0 million, with available liquidity of over $1.7 billion. The company plans to fund the acquisition with cash on hand Commercial Metals To Acquire CP&P In $675 Million Push Into Precast Market^[2].

Investors tracking the sector may also look to the SPDR S&P Metals & Mining ETF (XME) and the iShares U.S. Infrastructure ETF (IFRA) Commercial Metals To Acquire CP&P In $675 Million Push Into Precast Market^[2].