Dallas, Texas, January 8, 2026
Peter Matt, President and CEO of Commercial Metals Company, has been recognized for his influential leadership in the Dallas business scene. Under his tenure, the company reported significant revenues and executed a pivotal acquisition of Foley Products Company. Matt emphasizes trust and empowerment within teams, fostering a culture of innovation that aligns with market demands in steel manufacturing and precast concrete solutions. His strategic vision not only enhances CMC’s market position but also contributes to the economic vitality of Dallas, making it an exciting time for local entrepreneurship.
Commercial Metals Company’s Peter Matt: A Leader Forging Growth in Dallas
Celebrating Local Business Innovation and Strategic Acquisitions
Dallas, Texas – In a region renowned for its entrepreneurial spirit, Peter Matt, President and Chief Executive Officer of Commercial Metals Company (CMC), has been prominently recognized in D Magazine’s “Meet the Dallas 500” series, a nod to his influence within the Dallas-Fort Worth business landscape. Under his leadership, CMC, based in Irving, Texas, has not only thrived but also carved out a significant niche in steel manufacturing and recycling.
In fiscal year 2025, the company reported impressive revenues of $7.8 billion, showcasing its substantial footprint in the market. A major highlight of Matt’s tenure was the strategic acquisition of Georgia-based Foley Products Company for $1.84 billion in October 2025, which positions CMC favorably within the precast concrete solutions sector. This is a testament to CMC’s commitment to innovation and growth, strengthening its operations amid a competitive industry.
Leadership Philosophy Driving Success
Peter Matt’s leadership approach underscores the importance of trust and empowerment within teams. By fostering an environment where ambitious objectives are set and individual contributions are acknowledged, Matt cultivates a culture of shared success. His focus on humility and teamwork is crucial, especially in industries where collaboration and innovation are key to navigating challenges effectively.
Diverse Background Enriches Leadership
Before joining CMC, Matt held various influential roles, including Executive Vice President and Chief Financial Officer at Constellium SE and Managing Partner at Tumpline Capital LLC. His rich background in finance, complemented by years at Credit Suisse, provides him with the analytical skills necessary for navigating market fluctuations and seizing growth opportunities. Additionally, his early experiences in his family’s brewery offered him practical insights into manufacturing operations, which are invaluable in his current role.
Strategic Acquisitions Enhancing Market Position
The acquisition of Foley Products Company marks a pivotal moment for CMC. This alignment not only broadens its product range but also strengthens its position in the precast concrete market, which is poised for growth alongside the expanding infrastructure needs across the nation. Such strategic moves are reflective of the resilient and forward-thinking mindset that characterizes Dallas businesses.
Focus on Innovation in Steel Manufacturing
Under Matt’s guidance, CMC remains committed to advancing steel manufacturing and recycling practices. Emphasizing innovation, the company is continuously exploring new technologies and methodologies that align with sustainability and efficiency goals. This aligns with broader trends favoring environmentally responsible practices that appeal to both consumers and investors.
The Dallas Business Landscape: A Bright Future
Matt’s contributions to CMC resonate beyond corporate success; they play a role in the economic vitality of the Dallas area. As more companies adopt similar practices of strategic growth and innovation, the overall economic health of the region continues to improve. Reduced regulatory burdens and a supportive business environment are key factors that can further enhance this trajectory, making it an exciting time for Dallas entrepreneurs and small business owners.
In conclusion, Peter Matt exemplifies the entrepreneurial spirit that embodies Dallas, transforming challenges into growth opportunities for CMC and the wider community. As local businesses continue to innovate and expand, residents and investors alike have compelling reasons to remain engaged with the city’s economic developments.
Frequently Asked Questions
Who is Peter Matt?
Peter Matt is the President and Chief Executive Officer of Commercial Metals Company (CMC), a leading steel manufacturer and recycler headquartered in Irving, Texas.
What is Commercial Metals Company’s recent acquisition?
In October 2025, CMC acquired Georgia-based Foley Products Company for $1.84 billion, enhancing its position in the precast concrete solutions market.
What is Peter Matt’s leadership philosophy?
Matt emphasizes trust, setting ambitious objectives, providing teams with necessary tools, and motivating them towards shared goals. He values humility and appreciates the unique contributions of team members.
What is Peter Matt’s educational background?
Matt holds a Bachelor of Arts from Amherst College.
Key Features
| Feature | Details |
|---|---|
| Leadership Role | President and CEO of Commercial Metals Company (CMC) |
| Recent Acquisition | Acquired Georgia-based Foley Products Company for $1.84 billion in October 2025 |
| Leadership Philosophy | Emphasizes trust, setting ambitious objectives, providing necessary tools, and motivating teams towards shared goals |
| Educational Background | Bachelor of Arts from Amherst College |
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