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Commercial Metals Company (CMC) is a vertically integrated provider of construction solutions, primarily specializing in the manufacturing and recycling of steel products. The company produces a range of essential construction materials including steel reinforcing bar (rebar), merchant bar, steel fence post, wire rod, concrete pipe, and precast products, complemented by subgrade soil stabilization and foundation enhancement solutions. CMC leverages innovative micro-mill technology and efficient operations to serve its markets, maintaining a leading position in the early-stage construction sector.
The company was founded in 1915 by Jacob Feldman in Dallas, Texas, beginning as American Iron & Metal Company, a modest scrap trading business. Feldman's foundational insight recognized the value in transforming discarded metals into reusable materials, establishing a business model centered on resource recovery and industrial supply. This initial venture laid the groundwork for CMC's expansion into a comprehensive supplier for the burgeoning construction industry throughout the 20th century.
CMC’s diverse product portfolio supports a broad customer base across critical infrastructure and building projects, from highways and bridges to commercial skyscrapers and healthcare facilities. The company’s vision is focused on sustained growth and operational excellence, aiming to increase profitability and cash flow through strategic organic growth initiatives and targeted acquisitions. CMC continues to evolve its offerings, reinforcing its role as a key contributor to modern construction development.
CMC Holdings has 1 tracked investment across 1 company. The latest tracked deal is $80.0M Series B in NextVR in August 2016.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 9, 2016 | NextVR | $80.0M Series B | — | Peter Guber, China Assets, CITIC, NetEase, S28 Capital, Softbank, VMS Group |