Commercial Metals Company Acquires EDSCO Fasteners LLC; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Commercial Metals Company (NYSE:CMC) has announced the acquisition of EDSCO Fasteners LLC, a leading provider of anchoring solutions for the electrical transmission market. EDSCO's products are used to secure high voltage electrical transmission poles to concrete foundations. The acquisition is expected to advance CMC's position in construction reinforcement and extend its capabilities to new applications.
July 13, 2023 | 8:15 pm
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The acquisition of EDSCO Fasteners by Commercial Metals Company is expected to strengthen its position in construction reinforcement and extend its capabilities to new applications.
The acquisition of EDSCO Fasteners, a leading provider in the electrical transmission market, is likely to strengthen Commercial Metals Company's position in the construction reinforcement market. This could potentially lead to increased revenues and profitability, which may positively impact the company's stock price in the short term.
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