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CMC Expands Downstream Construction Reinforcement Business

According to CMC, Tendon Systems serves the post-tensioning, barrier cable, and concrete restoration solutions markets in the southeastern U.S. Its products are used in multi-family residential, parking structures, industrial and high-rise buildings, and it posted approximately US$60 million in revenue last year. 
 
"This acquisition further advances our leadership position in construction reinforcement, complements our existing position in post-tensioning cable, and provides CMC with additional capabilities to serve our customers," said CMC chairman and chief executive Barbara R. Smith. "Tendon adds valuable expertise, innovative products, and a trusted reputation to the CMC portfolio."