$1.84 Billion Deal Pours Steel into Climate Resilience

Acquisition of Foley Products expands U.S. infrastructure footprint amid climate pressures

10 Nov 2025

Commercial Metals has agreed to acquire Foley Products for $1.84bn, marking a significant expansion from steel manufacturing into the fast-growing U.S. stormwater and drainage infrastructure market. The transaction, announced in October 2025, remains subject to regulatory approval and customary closing conditions.

The Texas-based group said the deal would strengthen its position in water management systems as the U.S. faces rising demand for climate-resilient infrastructure. Foley Products operates 18 facilities across nine states, supplying precast concrete and pipe solutions used in flood and drainage projects.

“This acquisition broadens our footprint and strengthens our ability to serve the nation’s critical infrastructure needs,” the company said. Once completed, the combination will give Commercial Metals 35 manufacturing sites in 14 states, deepening its presence in the Southeast and Gulf Coast, regions increasingly affected by heavy rainfall and flooding.

Analysts said the integration of steel and concrete manufacturing could streamline infrastructure delivery, allowing the company to offer complete systems combining reinforced steel with precast drainage components. The move comes as federal investment in infrastructure and climate adaptation continues to accelerate.

By diversifying beyond steel, Commercial Metals aims to reduce its exposure to commodity price volatility and secure long-term contracts in public works. “This deal shows how manufacturing leaders are evolving to meet tomorrow’s infrastructure challenges,” one analyst said.

The company faces hurdles in merging operations and maintaining quality standards during expansion, but industry observers view the acquisition as a step toward broader climate resilience. As extreme weather intensifies, the deal underscores how industrial strategy is adapting to a changing environmental and economic landscape.