CMC Acquires Substantially all the Assets of MMFX Technologies Corporation
Irving, Texas- October 27, 2017 – Commercial Metals Company (NYSE: CMC), today announced that its wholly owned subsidiary, CMC Steel Fabricators, Inc., has acquired substantially all of the assets of MMFX Technologies Corporation (MMFX). MMFX markets, sells, and licenses the production of proprietary specialty steel products, including its ChrōmX line of high strength, corrosion-resistant rebar. MMFX operates out of Irvine, California, and its products are sold throughout the United States and Canada.
Tracy Porter, Executive Vice President, CMC Operations, commented, “We are excited to welcome MMFX employees to CMC. The acquisition of MMFX is further evidence of our commitment to being one of the leading innovators in the concrete reinforcement industry. MMFX’s proprietary products, along with their strong technical staff, will offer our customers an additional range of products and cost effective solutions to suit their specific building requirements. In addition, we believe that CMC’s coast to coast production capability and distribution network will greatly enhance the reach of the MMFX product line.”
Commercial Metals Company and its subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network including four electric arc furnace (“EAF”) mini mills, an EAF Micro mill, a rerolling mill, steel fabrication and processing plants, construction-related product warehouses, metal recycling facilities and marketing and distribution offices in the United States and in strategic international markets.