Commercial Metals Company (CMC) has announced the acquisition of Tendon Systems, provider of post-tensioning, barrier cable, and concrete restoration solutions to the South-eastern United States.
Tendon's products and services are used in a variety of construction types, including multi-family residential, parking structures, industrial and high-rise buildings. The company's primary offering, post-tension cable, is used in conjunction with rebar in most applications, providing ‘meaningful commercial synergy opportunities to CMC’, according to a CMC press release. Last year, Tendon had revenues of approximately $60 million.
"Tendon adds valuable expertise, innovative products, and a trusted reputation to the CMC portfolio."Barbara R. Smith, chairman of the board, president, and chief executive officer
"This acquisition further advances our leadership position in construction reinforcement, complements our existing position in post-tensioning cable, and provides CMC with additional capabilities to serve our customers," said Barbara R. Smith, chairman of the board, president, and chief executive officer. "Tendon adds valuable expertise, innovative products, and a trusted reputation to the CMC portfolio."