Commercial Metals Company’s $600 Million Acquisition of certain U.S. rebar steel mill from Gerdau S.A.

Akin Gump Advised Commercial Metals Company on the deal

Commercial Metals Company announced that it entered into a definitive agreement to acquire certain U.S. rebar steel mill and fabrication assets from Gerdau S.A., a producer of long and specialty steel products in the Americas for a cash purchase price of $600 million, subject to customary purchase price adjustments.

The acquisition includes 33 rebar fabrication facilities in the United States, as well as steel mills located in Knoxville, Tennessee; Jacksonville, Florida; Sayreville, New Jersey; and Rancho Cucamonga, California.

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. The company, led by Barbara R. Smith, Mary A. Lindsey, Tracy L. Porter and Paul K. Kirkpatrick, is based in Irving (TX).

Akin Gump advised Commercial Metals Company with a team including Garrett DeVries (Picture), Thomas Yang, Nicholas Houpt, Alex Poor, Stephanie Caldero (M&A), Lauren Leyden, Eric Field, Dustin Stark (Employment), Michael Gerald, Brandon Morris (Tax), John Bain, Alex Agahzadeh (Real Estate), David Quigley (Environmental), Alison Chen (Tax), Peter Emmi (IP&IT), Paul Hewitt, Corey Roush and George Wolfe (Antitrust).

Simpson Thacher advised Gerdau with a team including Michael T. Holick, Alan Klein, Meredith Hunt, Nathalie Hoegger and Juan Gonzalez (M&A); Robert Holo, Jacqueline Clinton and Deborah Plum (Tax); Gregory Grogan, Alisa Tschorke and Jason Fixelle (Executive Compensation and Employee Benefits); Adeeb Fadil, Louise Kruger and Noreen Lavan (Environmental); Krista McManus (Real Estate); Peter Guryan, Richard Jamgochian and William Pilon (Antitrust); Arjun Koshal (Capital Markets); Lori Lesser and Amber Harezlak (Intellectual Property); Timothy Coxon (Banking and Credit); Steven DeLott (Insurance); Stephen Wiseman, Johanna Mayer and Filippo Innocenti (M&A).

Involved fees earner: Garrett DeVries – Akin Gump; Thomas Yang – Akin Gump; Nicholas Houpt – Akin Gump; Alex Poor – Akin Gump; Stephanie Calderon – Akin Gump; Lauren Helen Leyden – Akin Gump; Dustin Stark – Akin Gump; Eric Douglas Field – Akin Gump; Michael Gerald – Akin Gump; Brandon Morris – Akin Gump; Alison Chen – Akin Gump; John Bain – Akin Gump; Alex Agahzadeh – Akin Gump; David Quigley – Akin Gump; Peter Emmi – Akin Gump; Paul Hewitt – Akin Gump; Corey Roush – Akin Gump; George Wolfe – Akin Gump; Michael Holick – Simpson Thacher & Bartlett; Alan Klein – Simpson Thacher & Bartlett; Meredith Hunt – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Jacqueline Clinton – Simpson Thacher & Bartlett; Deborah Plum – Simpson Thacher & Bartlett; Gregory Grogan – Simpson Thacher & Bartlett; Alisa Tschorke – Simpson Thacher & Bartlett; Jason Fixelle – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Louise Kruger – Simpson Thacher & Bartlett; Noreen Lavan – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Peter Guryan – Simpson Thacher & Bartlett; Richard Jamgochian – Simpson Thacher & Bartlett; William Pilon – Simpson Thacher & Bartlett; Arjun Koshal – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Amber Harezlak – Simpson Thacher & Bartlett; Timothy Coxon – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett;

Law Firms: Akin Gump; Simpson Thacher & Bartlett;

Clients: Gerdau S.A.; Commercial Metals Company;


Author: Ambrogio Visconti