Commercial Metals Company to acquire Concrete Pipe & Precast from Eagle Corporation and ECPP for $675m.

Commercial Metals Company, a steel and metal manufacturer, agreed to acquire Concrete Pipe & Precast, a supplier of precast concrete solutions to the US Mid-Atlantic and South Atlantic regions, from Eagle Corporation, and ECPP, two holding companies, for $675m. "The acquisition of CP&P is an exciting step forward as we advance our strategy of delivering value-accretive growth by expanding CMC's commercial portfolio in early-stage construction and increasing the breadth of our participation on the job site," Peter Matt, Commercial Metals Company President and CEO.