Commercial Metals Company Announces Completion Of Sale Of Croatian Pipe Mill

 Commercial Metals Company Announces Completion Of Sale Of Croatian Pipe Mill

PR Newswire

IRVING, Texas, June 4, 2012

IRVING, Texas, June 4, 2012 /PRNewswire/ -- Commercial Metals Company (CMC)
(NYSE: CMC) announced today the completion of the sale of its Croatian Pipe
Mill and wholly-owned subsidiary, CMC Sisak, d.o.o. (CMC Sisak), pursuant to a
definitive purchase agreement whereby CMC sold all of the outstanding shares
of CMC Sisak to the Danieli Group - Steel Making Division by the Danieli
holding company, Industrielle Beteiligung SA (Danieli).  Total consideration
for the sale is approximately U.S. $30.4 million.  Pursuant to the purchase
agreement, certain assets of CMC Sisak are excluded and CMC is continuing to
market those assets.  Deutsche Bank Securities Inc. assisted CMC as the
financial advisor on this transaction.

Joe Alvarado, President and Chief Executive Officer, commented, "We are
pleased to announce that we have completed an agreement with Danieli for the
sale of our Croatian pipe mill operations.  The sale of all of the outstanding
shares of CMC Sisak completes an important step in our strategic plan to
reposition the business for improved financial performance and increased
shareholder value.  We remain committed to our strategy of vertical
integration, providing outstanding service to our customers, and a continuous
improvement of our overall cost structure."

CMC and its 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
international markets.

Forward-Looking Statements

This news release contains forward-looking statements regarding the sale of
CMC Sisak and the sale of the excluded assets of CMC Sisak.  These
forward-looking statements generally can be identified by phrases such as we,
the company or its management "expects," "anticipates," "believes,"
"estimates," "intends," "plans to," "ought," "could," "will," "should,"
"likely," "appears," "projects," "forecasts," "outlook," or other similar
words or phrases. There are inherent risks and uncertainties in any
forward-looking statements. Variances will occur and some could be materially
different from our current opinion.

SOURCE Commercial Metals Company