Castle harlan completes sale of tensar corporation

New york , april 25, 2022 /prnewswire/ -- castle harlan, inc. ("castle harlan"), the new york-based private equity firm, today announced that it has successfully completed its sale of tensar corporation, a portfolio company of funds managed by castle harlan, to commercial metals company (nyse: cmc) ("cmc"), headquartered in irving, texas, for a cash purchase price of $550 million, subject to customary purchase price adjustments. tensar was a portfolio company of funds managed by castle harlan for seven years.
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