Oct 16 (Reuters) - Commercial Metals Company ( CMC ) said on Thursday it will acquire

concrete supplier Foley Products Co for $1.84 billion in cash, as dealmaking accelerates across

the U.S. building-products sector amid a push for scale and more local supply chains.

The Irving, Texas-based steelmaker said it expects the Foley purchase to be accretive to

earnings and cash flow and to deliver annual run-rate synergies of $25 million to $30 million in

EBITDA.

Dealmaking in the U.S. building-products industry has accelerated as companies seek

scale and local supply chains to offset tariffs, with demand supported by new housing, repair

and renovation, and non-residential construction.

Last week, Roofing-material firm

TopBuild ( BLD )

bought rival SPI for $1 billion in cash.

Earlier this year, Home Depot's ( HD ) unit acquired specialty-building-products

distributor GMS for about $4.3 billion in June, while QXO clinched an $11 billion deal

for Beacon Roofing Supply in March.

CMC also reported it beat Wall Street expectations for its fourth-quarter adjusted

profit, with earnings of $1.37 per share versus the analysts' average expectation of $1.36 per

share, according to data compiled by LSEG.

Shares of the company were up 1% in premarket trading.

Foley supplies precast concrete and concrete pipe used in site infrastructure such as

utility connections, water supply and stormwater management.

The Newnan, Georgia-based company operates 18 facilities across nine states in the U.S.

Southeast and also has a presence in the Central and Western regions.

Moelis & Company served as financial adviser and Akin Gump as legal counsel to CMC.