CMC Completes Acquisition of Reinforcing Post-Tensioning Services
09/02/2008 - Commercial Metals completes its acquisition of Claremont, Calif., based Reinforcing Post-Tensioning Services, Inc., Regional Steel Corp., and RPS Cable Corp.
Commercial Metals Co. has completed its acquisition of substantially all the operating assets of Reinforcing Post-Tensioning Services, Inc. (RPS), Regional Steel Corp., and RPS Cable Corp. based in Claremont, Calif.
RPS fabricates and installs concrete reinforcing steel, post-tensioning cable and related products for commercial and public construction projects. With facilities in Fontana and Tracy, Calif., and Las Vegas, Nev., it has an annual capacity of approximately 150,000 tons.
"This acquisition continues our expansion of fabrication capacity in the western states and solidifies our position as one of the largest rebar fabricators in the United States," said Murray McClean, President and CEO of Commercial Metals Co.
The acquired assets are to operate as CMC Regional Steel and CMC Cable under the CMC Americas Fabrication and Distribution segment.
"We're pleased to finalize this acquisition, and we welcome the employees of RPS, Regional Steel, and RPS Cable to our CMC Americas family,” said Russell Rinn, Executive Vice President of Commercial Metals Co. and President of CMC Americas. “We look forward to building on their established reputation in the West and to their future contributions with CMC.”
Commercial Metals Co. 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 international markets.
