01/03/2018 | Press release | Distributed by Public on 01/03/2018 17:19
(Dallas) - Commercial Metals Company announced that it entered into a definitive agreement to acquire certain U.S. rebar steel mill and fabrication assets from Gerdau S.A., a producer of long and specialty steel products in the Americas for a cash purchase price of $600 million, subject to customary purchase price adjustments. Akin Gump advised Commercial Metals in the transaction.
The acquisition includes 33 rebar fabrication facilities in the United States, as well as steel mills located in Knoxville, Tennessee; Jacksonville, Florida; Sayreville, New Jersey; and Rancho Cucamonga, California.
Garrett DeVries and Thomas Yang, partners in the corporate practice at Akin Gump, led the team advising Commercial Metals Company. They were joined by counsel Nicholas Houpt and associates Alex Poor and Stephanie Calderon.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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