Commercial Metals Makes a Splash with Foley Deal

Commercial Metals to buy Foley Products for $1.84B, expanding into stormwater systems amid U.S. infrastructure boom

11 Nov 2025

Commercial Metals Company announced plans to acquire Foley Products for $1.84 billion, a move that would expand the Texas-based steelmaker into the growing market for stormwater and drainage infrastructure. The agreement, disclosed on October 16, 2025, is subject to regulatory review and other customary closing conditions.

The acquisition marks a significant shift for one of the nation’s leading steel producers as it broadens its focus beyond metals into concrete-based infrastructure systems. Foley Products, headquartered in Georgia, operates 18 manufacturing plants across nine states, supplying concrete pipes, culverts, and stormwater systems essential to urban flood control and industrial water management.

Executives described the purchase as a strategic step toward creating an integrated materials supplier capable of serving the full spectrum of infrastructure needs. Analysts said the combination of steel and precast concrete manufacturing could reshape competition in the construction materials market. “It’s not just about steel anymore. It’s about building smarter, more resilient systems,” one industry expert said.

The timing coincides with an influx of federal infrastructure spending under the Infrastructure Investment and Jobs Act, which has accelerated upgrades to the nation’s aging water systems. Demand for durable drainage and flood prevention products has surged as cities adapt to more frequent storms and tightening water regulations.

Commercial Metals expects the acquisition to deliver up to $30 million in annual cost savings within three years and to strengthen its long-term earnings outlook. While integrating operations across materials and regions may present challenges, analysts view the move as part of a broader trend toward scale, diversification, and climate resilience in construction.

As stormwater management becomes central to modern infrastructure planning, the deal underscores how climate adaptation is reshaping traditional industries. For Commercial Metals, the investment signals confidence that the future of U.S. infrastructure will depend as much on managing water as on shaping steel.