Commercial Metals Company Completes Southern California Land Sale
Commercial Metals Company (NYSE: CMC) has completed the sale of a large parcel of land in Rancho Cucamonga, California, generating gross proceeds of $313 million. This transaction, facilitated by Jones Lang LaSalle Brokerage, Inc., marks a significant financial move for the company. CMC specializes in manufacturing, recycling, and fabricating steel and metal products, supported by a diverse network of facilities across the United States and Poland.
- Gross proceeds from land sale total $313 million.
- None.
IRVING, Texas, Jan. 4, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced the completion of its previously reported process to sell a large parcel of land in Rancho Cucamonga, California. The gross proceeds from this transaction total
About Commercial Metals Company
Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metals products, and provide related materials and services through a network of facilities that includes seven electric arc furnace ("EAF") mini mills, two EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland.
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SOURCE Commercial Metals Company
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