Sectors
Foley & Lardner LLP served as legal advisor to Foley Products Company, the largest regional supplier of precast concrete solutions in the United States, in its definitive agreement to be acquired by Commercial Metals Company (NYSE: CMC) for a cash purchase price of $1.84 billion, subject to customary adjustments. The transaction, subject to customary closing conditions, was approved by the boards of directors of CMC and Foley Products and is expected to close in a timely manner following customary regulatory review.
Foley Products is a leading supplier of precast concrete and pipe products to the southeast United States, operating 18 facilities across nine states and offering one of the most comprehensive portfolio of solutions in the industry. With additional presence in the central and western United States, Foley Products is a critical supplier in drainage, water management, dry utility, and road construction applications across residential infrastructure, non-residential, and infrastructure end markets.
CMC is an innovative solutions provider helping build a stronger, safer, and more sustainable world. Through an extensive manufacturing network principally located in the United States and Central Europe, CMC offers products and technologies to meet the critical reinforcement needs of the global construction sector.
The Foley & Lardner transactions team was led by partners Joseph Bernardi and Gardner Davis with support from partner John Wolfel and associates Ryan McNulty, Ellie O’Neill, and James Ritter.
