Ryerson acquires steel bar specialists
Dec 12, 2011 | 05:11 PM
| Corinna Petry
CHICAGO Metals processor and distributor Ryerson Inc. has acquired a trio of steel service center operations and a logistics company in one big purchase.
Ryerson bought Turret Steel Industries Inc., Sunbelt-Turret Steel Inc. and Wilcox Steel, as well as Imperial Logistics. The terms of the deal werent disclosed, although the group generates a combined $130 million in annual revenues.
The purchase is "in line with the strategy to improve our position in long products," executive vice president and chief financial officer Terence Rogers told AMM Monday. "They have an impressive track record, impressive management and an impressive work force."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.