Steel Mills
October 24, 2019
CMC Posts Strong Quarter After "Flawless" Integration with Gerdau
Written by Sandy Williams
Commercial Metals Company is enjoying the rewards of its purchase of four rebar mills and 33 fabrication facilities from Gerdau. The acquisition added 2.5 million tons of rolling capacity and increased fabrication capacity by almost 50 percent.
“The systems integration was flawless and got completed in less than four months, well ahead of schedule,” said CEO Barbara Smith. “The confirmed commercial and operational synergies were double our original expectations and the operational results have also exceeded our initial business modeling.”
