Steel News

CMC Completes Sale of Howell Metal Co.

10/21/2013 - Commercial Metals Company has completed the sale of 100% of the stock of its wholly-owned subsidiary, Howell Metal Company, to Mueller Copper Tube Products, Inc., a subsidiary of Mueller Industries, Inc., for a purchase price of approximately US$58.5 million, subject to customary purchase price adjustments.
Joe Alvarado, chairman of the board, president and chief executive officer, commented, "We are appreciative of the many years of contributions by the management and workforce at Howell Metal Company. This sale continues our commitment to our stockholders of focusing our efforts on the core operations of Commercial Metals Company."

CMC and its subsidiaries manufacture, recycle and market steel and metal products, as well as related materials and services through a network including steel minimills, steel fabrication and processing plants, construction-related product warehouses, metal recycling facilities and marketing and distribution offices in the United States and in strategic international markets