Commercial Metals Company (NYSE: CMC) today announced the purchase of EDSCO Fasteners LLC, a leading provider of anchoring solutions for the electrical transmission market, from MiddleGround Capital. EDSCO’s custom engineered line of anchor cages, bolts, and fasteners are manufactured principally from rebar and used primarily to secure high voltage electrical transmission poles to concrete foundations. EDSCO serves the North American market from four manufacturing plants located in Texas, Utah, Tennessee, and North Carolina. Since its founding in 1985, the company has grown to become the nation’s largest provider of anchor cages for concrete reinforcement and has developed a strong reputation for customer service and reliability.
“This acquisition further advances CMC’s leadership position in construction reinforcement and extends our capabilities to new and growing applications,” said Barbara R. Smith, Chairman of the Board and Chief Executive Officer. “EDSCO’s innovative reinforcement solutions are well-positioned to benefit from the long-term transition to renewable energy, which will require extensive investment in electrical transmission capacity and wind power installations.”
About Commercial Metals Company
Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products and provide related materials and services through a network of facilities that includes seven electric arc furnace (“EAF”) mini mills, three EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland. Through its Tensar division, CMC is a leading global provider of innovative ground and soil stabilization solutions selling into more than 80 national markets through its two major product lines: Tensar® geogrids and Geopier® foundation systems.
