IRVING, Texas, Nov. 30 /PRNewswire-FirstCall/ -- Commercial Metals Company , headquartered in Irving, Texas, announced today that it has entered into a definitive purchase agreement with Bruhler Stahlhandel GmbH to acquire substantially all the operating assets of its steel fabrication business in Rosslau/Saxony-Anhalt in eastern Germany. The acquisition, to be made by CMC's subsidiary Commercial Metals Deutschland GmbH, is subject to regulatory approval and is expected to close by the end of the year.
The fabrication unit has an annual capacity of 40'000 tons with customers in the eastern and western part of Germany serving the construction industry. It reaches the major markets surrounding Leipzig, Halle, Berlin, Hanover and Hamburg.
Hanns Zoellner, President of CMC's Marketing and Distribution Segment, who will have responsibility for the operations, said, "This acquisition continues our vertical integration strategy in Central Europe by enhancing our downstream capability in a strategic market."
Ludo Gajdos, president of CMC Zawiercie S.A., CMC's Polish steel minimill, added, "Major synergies exist between this acquisition and our current Polish operations. This will complement our fabrication operation in Zawiercie, Poland, extending our reach to western Poland and eastern Germany while providing more base load for our minimill."
Commercial Metals Company and subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network including steel minimills, steel fabrication and processing plants, construction-related product warehouses, a copper tube mill, metal recycling facilities and marketing and distribution offices in the United States and in strategic overseas markets.
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