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Commercial Metals Company Acquires Tendon Systems, LLC

PR Newswire - Mon Mar 20, 2023

IRVING, Texas, March 20, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced the acquisition of Tendon Systems, LLC ("Tendon"), a leading provider of post-tensioning, barrier cable, and concrete restoration solutions to the Southeastern United States. Tendon's products and services are used in a variety of construction types, including multi-family residential, parking structures, industrial and high-rise buildings. The company's primary offering, post-tension cable, is used in conjunction with rebar in most applications, providing meaningful commercial synergy opportunities to CMC. Tendon had revenues of approximately $60 million in calendar year 2022.

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Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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