Jul 19 2006
Commercial Metals Company (NYSE: CMC), headquartered in Irving, Texas, announced today the acquisition of substantially all of the operating assets of Cherokee Supply. Established in 1998 with facilities in Tulsa, Oklahoma and Little Rock, Arkansas, Cherokee Supply specializes in highway and commercial construction-related products.
The two stores will become part of CMC Construction Services and will operate under the name of CMC Cherokee. Headquartered in Houston, Texas, CMC Construction Services is part of CMC's Domestic Fabrication segment and has 46 locations in 10 southern U.S. states offering a variety of products and services including rebar fabrication, engineering services for tilt-up, forming and shoring, rentals and an extensive line of concrete-related construction materials.
Brothers Tom and Charlie Brown, along with their sister Kasey, were the previous owners of Cherokee Supply. Tom and Charlie will continue to manage the businesses in Tulsa and Little Rock, respectively, while Kevin Ruesch will assume area management responsibilities for both locations.
Binh Huynh, Executive Vice President and CMC Steel Group's CRP and Rebar Divisional Manager, said, "The acquisition of Cherokee Supply helps achieve the overall growth objective for our existing CRP operations, and the company's proven performance in Oklahoma enables us to serve not only our existing customers better, but our prospective customers as well."
Commercial Metals Company and subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network including steel minimills, steel fabrication and processing plants, construction-related product warehouses, a copper tube mill, metal recycling facilities and marketing and distribution offices in the United States and in strategic overseas markets.