With a New CEO, Irving-Based Commercial Metals Company Rebrands as CMC

Founded in 1915 as a single scrap yard in Dallas, CMC has grown into a Fortune 500 company with hundreds of facilities and nearly 13,000 employees serving customers worldwide.

Irving-based Commercial Metals Co. has rebranded and now is going under the name CMC, which it said is a refreshed identity to better represent the 108-year-old company’s goals, commitments, and evolution.

CMC is a global solutions provider to the construction industry and was founded in 1915 as a single scrap yard in Dallas.

“For more than a century, CMC has been recognized as a metal recycling and steel-making company,” President and CEO Peter Matt said in a statement.

Peter R. Matt [Photo: Commercial Metals Co.]

According to Matt, the company’s original name, Commercial Metals Company, “made sense as we acquired companies that fell under our umbrella as a metals company.” But today, as the company looks to the growth strategy needed to expand the scope of its products and solutions beyond metals, Matt says, “we identified both a need and an opportunity to portray the company in a different way.”

Matt takes the CMC CEO helm in planned succession

In a planned succession, longtime Commercial Metals Co. CEO Barbara Smith passed the reins to Matt in September.

CMC has grown into a Fortune 500 company with hundreds of facilities and nearly 13,000 employees serving customers worldwide. It said it has updated its branding, including its logo, to better reflect its expansion into new markets and its commitment to developing innovative and sustainable products and solutions for its customers.

“Recent important acquisitions, including Tensar, Tendon Systems and EDSCO Fasteners, are critical examples of CMC’s move beyond its roots in steel production to new opportunities across the construction industry,” Matt said. “We are thriving and as we’ve evolved, how we present ourselves to the world needs to change too.

Honoring the company’s roots while moving toward a ‘sustainable future’

The name CMC is an abbreviation by which the company was already known and commonly referred to by customers around the world.

Next, CMC said it is debuting an updated logo that is designed to convey the strength, reinforcing, and sustainable nature of CMC’s diverse construction products and solutions.

Finally, CMC said that its existing tagline, “It’s what’s INSIDE that counts,” encompasses both the nature of its products found in critical infrastructure worldwide and its culture and the employees who produce them.

“Together, these elements form an identity that represents the people who make up CMC today — innovative, diverse, filled with energy and ready to conquer the challenges ahead,” Matt said. “It’s both a nod to our company’s roots and the promise of a bright and sustainable future.”

Through an extensive manufacturing network located mostly in the United States and Central Europe, CMC said it offers products and technologies to meet the critical reinforcement needs of the global construction sector. Its solutions support construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission.

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R E A D   N E X T

  • As part of its succession plan, Irving-based Commercial Metals Co. has appointed Peter R. Matt as president, effective April 1. He succeeds Barbara R. Smith who will remain chairman and CEO of the company. Matt will continue to serve on the company's board, which he joined in June 2020. "We have every confidence in Peter as he takes on the role and responsibilities of president, and his appointment is part of the company's succession plan," Smith said in a statement. "Peter brings a wealth of financial, strategic and executive managerial experience, and his leadership has been excellent during his tenure…

  • Irving-based Commercial Metals Company has completed its acquisition of a Galveston-area metals recycling facility and related assets from Kodiak Resources and Kodiak Properties. Terms of the deal were not disclosed. The facility processes approximately 55,000 tons of ferrous and non-ferrous materials annually, "with the majority of volumes related to obsolete ferrous scrap grades consumed by CMC's long product mills," the company said. The deal is expected to enhance the security and supply of competitively priced inputs to CMC's steelmaking operations. Earlier this week, Barbara Smith, chairman, president, and CEO of Irving-based Commercial Metals Company, was named an EY Entrepreneur Of…

  • Robert S. Wetherbee has been appointed to the board of directors of Irving-based Commercial Metals Co., effective March 21, bringing more than 40 years of professional experience to the company's board. "We are pleased to welcome Bob to our Board of Directors," Barbara R. Smith, chairman of the board, president and CEO, said in a statement. "He brings extensive metals and mining industry expertise with a track record of driving strategic transformation in specialty materials. His global perspective gained managing international organizations will benefit our company as we continue to create an unparalleled provider of reinforcement solutions for the domestic…

  • Ernst & Young has announced that Barbara Smith (above), chairman, president, and CEO of Irving-based Commercial Metals Company, has been named an EY Entrepreneur Of The Year National Award winner. Smith joins nine others sharing the national award from New York, California, Florida, Indiana, and Maryland. Commercial Metals Company and its subsidiaries manufacture, recycle, and fabricate steel and metal products at facilities in the U.S. and Poland. READ NEXT: Irving’s Commercial Metals Company Acquires Galveston Metals Recycling Facility "I'm extremely proud of our continued solid execution, which has enabled us to fully capitalize on very strong market conditions in North America…

  • In a planned succession, Commercial Metals Co. CEO Barbara Smith will pass the reins to Peter Matt in September. The transition is a significant milestone for the Irving-based Fortune 500 company, which can trace its origins back to a single Dallas scrap yard in 1915.