07:12 AM EDT, 10/16/2025 (MT Newswires) -- Commercial Metals ( CMC ) said Thursday it has signed a deal to acquire precast concrete and pipe products supplier Foley Products for $1.84 billion in cash.

The acquisition is expected to be immediately accretive to its earnings per share and free cash flow per share, Commercial Metals ( CMC ) said.

The boards of both companies have approved the transaction, while Commercial Metals ( CMC ) said it has secured a commitment for financing to complete the takeover, according to the company.

Shares of Commercial Metals ( CMC ) were up 0.5% in recent Thursday premarket activity.