Canam Group announced today it has signed an agreement to acquire all steel-related assets from a subsidiary of Commercial Metals Co. This includes two steel deck manufacturing plants and the machinery and equipment of a third plant.
Canam Group announced today it has signed an agreement to acquire all steel-related assets from a subsidiary of Commercial Metals Co.
This includes two steel deck manufacturing plants and the machinery and equipment of a third plant.
The transaction will include the purchase of the raw materials inventory and the intellectual property related to the purchased assets, including the United Steel Deck name.
The financial terms of the transaction were not disclosed. The transaction is set to close within two weeks.
The two steel deck plants, which will continue to operate, are located in South Plainfield, N.J. and Peru, Ill. They have a combined annual production capacity of 144,000 tonnes.
Recent Comments
comments for this post are closed