March 6, 2007 — Commercial Metals Co. has entered into a definitive agreement to purchase substantially all the operating assets of Nicholas J. Bouras, Inc. and affiliate companies for a purchase price of approximately $63 million plus inventory on hand at the time of closing.

Companies to be purchased include

• United Steel Deck, manufacturer of steel deck at facilities in South Plainfield, N.J.; Peru, Ill.; and Rock Hill, S.C.
• New Columbia Joist, manufacturer of steel joists in New Columbia, Pa.
• ABA Trucking Corp., which provides delivery services for United Steel Deck and New Columbia Joist.

CMC’s purchase does not include Nicholas J. Bouras, Inc.'s wholly-owned subsidiary, Prior Coated Metals, and its affiliate, Bouras Properties, LLC.

After closing, the acquired assets will be combined with CMC Joist and operate under the trade name CMC Joist & Deck as part of CMC's Domestic Fabrication segment.

"This acquisition is in line with our growth initiative and strategy of expanding downstream steel fabrication operations," said Murray McClean, President and CEO of Commercial Metals Co. "In addition, the highly complementary fit of the Bouras facilities will strengthen our position as a significant supplier of steel joists throughout the United States by expanding our manufacturing capability to better serve the Northeast and Midwest markets."

"We look forward to the Bouras team joining CMC,” said Russell Rinn, Executive Vice President of Commercial Metals and CMC Steel Group President. “Together we will build on the solid reputation Nick Bouras has established for providing excellent customer service. This addition will give CMC Joist an additional 45,000 tons of joist manufacturing capacity in a new geographic market. Just as significantly, it gives CMC 160,000 tons per year of deck manufacturing capacity along with a team of highly respected deck sales, design, and manufacturing professionals to take our deck sales beyond the line of products CMC Joist has historically offered. Our new name for these combined operations, CMC Joist & Deck, signifies the commitment to grow CMC's deck business."

Closing is expected to take place within 40 days following regulatory approval and satisfaction of other conditions.

Headquartered in Irving, Texas, 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 overseas markets.

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