SMA member companies Commercial Metals Company (CMC) and Gerdau have agreed to terms of a transaction that will sell certain rebar producing mills in North America. SMA President, Philip K. Bell says, “this represents a win/win for both companies and is aligned with their long-term strategic objectives.”  Attached below are the official press releases from both CMC and Gerdau with more information about this development.

 

CMC Press Release

Gerdau Press Release