CMC Acquires AZZ's Galvanized Rebar Business
By Metal Center News Staff
on Jul 21, 2020
CMC Steel Oklahoma LLC, a subsidiary of Commercial Metals Company, has acquired substantially all of the assets of AZZ’s Continuous Galvanized Rebar business. The AZZ business produces GalvaBar, a galvanized rebar with a zinc alloy coating that provides both superior corrosion protection and exceptional post-fabrication formability, the companies claim.
Galvabar operates out of a dedicated facility in Tulsa, Okla., and its products are sold throughout the United States and the Caribbean.
"The acquisition of Galvabar represents our commitment to executing on our strategy of being the leader in concrete reinforcement. The addition of GalvaBar's value-added products to our offering will enable us to better serve and support our customers' needs. We also believe that CMC's broad geographic footprint and distribution network will greatly enhance the reach of the GalvaBar product line,” said Tracy Porter, executive vice president and COO of Commercial Metals.
“While Galvabar would normally be considered a core business for AZZ, we have determined this technology is better suited for a company with both rebar manufacturing and distribution capabilities. We are pleased to have reached an agreement whereby CMC, a leader in the metals industry, has acquired these assets, and will seamlessly integrate Galvabar into their existing operations,” said Tom Ferguson, CEO of AZZ.