Commercial Metals announced it has acquired a geosynthetics manufacturing facility from BOSTD – America. The facility, located in Blackwell, Oklahoma, currently produces several product lines for Tensar Geogrid under a contract manufacturing arrangement. This acquisition will not immediately increase Tensar’s manufacturing capacity, but provides enhanced flexibility in Tensar’s supply chain, as well as the opportunity for low capital cost capacity additions in the future.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CMC: