Akin Gump Advises Commercial Metals Company in Closing of Rebar Asset Acquisition

(Dallas) – Commercial Metals Company today announced it has completed the acquisition of 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, 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. Akin Gump advised Commercial Metals in the transaction.

The deal was initially announced in January 2018 (read more here).

Garrett DeVries and Thomas Yang, partners in the corporate practice at Akin Gump, led the team advising Commercial Metals Company. Others involved included the following individuals:

• corporate counsel Nicholas Houpt, associate Stephanie Calderon and law clerk Morgan Francy
• labor and employment senior counsel Eric Field and counsel Dustin Stark
• tax partner Alison Chen, senior counsel Michael Gerald and counsel Brandon Morris
• real estate partner John Bain, associate Alex Agahzadeh and practice attorney Stuart Graves
• environment and natural resources partner David Quigley
• intellectual property senior counsel Peter Emmi
• antitrust partners Paul Hewitt and Corey Roush

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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