Commercial metals completes acquisition of tensar corporation

Irving, texas , april 25, 2022 /prnewswire/ -- commercial metals company (nyse: cmc) ("cmc") today announced that it has successfully completed the acquisition of tac acquisition corp. ("tensar") from castle harlan, a new york-based private equity firm, for a cash purchase price of $550 million, subject to customary purchase price adjustments. tensar is a leading global provider of innovative ground stabilization and soil reinforcement solutions, selling into more than 80 national markets through its two major product lines: tensar® geogrids and geopier® foundation systems.
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