Commercial Metals Company Acquires Suncoast Steel

Commercial Metals Company announced the acquisition of substantially all the operating assets of Suncoast Steel Corporation of Naples, Florida. The purchase was effective December 14.

Suncoast Steel is a rebar fabricator strategically located to serve the metropolitan Tampa Bay and Miami markets. The operation will become part of the CMC Steel Group, a family of companies in CMC's Manufacturing segment. The Suncoast acquisition is consistent with CMC's strategy of more value-added operations to serve a wider market area. Suncoast Steel was founded in 1976 by Orville Byrd. Byrd will continue to serve as President and General Manager of Suncoast and will assist in expanding the CMC Steel Group's fabricating capabilities. Mr. Byrd commented, "We look forward to continuing to serve our existing customer base and, with the financial resources and talented employees of the CMC Steel Group, grow Suncoast's market."

Commercial Metals Company and subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network of over 115 locations including 4 steel minimills, 20 steel fabrication plants, 4 steel joist plants, a castellated and cellular beam fabricator, 4 steel fence post manufacturing plants, 2 heat treating plants, a railcar rebuilding facility, 17 concrete-related product warehouses, an industrial products supply company, a railroad salvage company, a copper tube mill, 47 metal recycling facilities and 17 marketing and trading offices in the United States and in strategic overseas markets.