M&A Deal Summary

Ryerson Acquires Specialty Metals Processing

On September 7, 2021, Ryerson acquired metals/mining company Specialty Metals Processing

Acquisition Highlights
  • This is Ryerson’s 7th transaction in the Metals/Mining sector.
  • This is Ryerson’s 9th transaction in the United States.
  • This is Ryerson’s 4th transaction in Ohio.

M&A Deal Summary
Date 2021-09-07
Target Specialty Metals Processing
Sector Metals/Mining
Buyer(s) Ryerson
Deal Type Add-on Acquisition

Target

Specialty Metals Processing

Stow, Ohio, United States
website
Specialty Metals Processing is a toll processor that processes stainless steel, aluminum, titanium, and nickel alloy products in a variety of industries including aerospace. Specialty Metals Processing is based in Stow, Ohio.

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Buyer(S) 1

Buyer

Ryerson

Chicago, Illinois, United States

website

Category Company
Founded 1842
Sector Metals/Mining
Employees3,900
Revenue 5.7B USD (2021)
DESCRIPTION

Ryerson is a processor and distributor of metals with operations in the United States, Mexico, Canada, China and Brazil. The company serves a variety of industries, including customers making products or equipment for construction, packaging, oil and gas and truck trailers. Founded in 1842, Ryerson is headquartered in the United States and employs approximately 3,700 employees in more than 100 locations. Ryerson Holding was founded in 1842 and is based in Chicago, Illinois.

DEAL STATS #
Overall 9 of 17
Sector (Metals/Mining) 7 of 9
Type (Add-on Acquisition) 8 of 16
State (Ohio) 4 of 4
Country (United States) 9 of 16
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 Central Steel & Wire

Chicago, Illinois, United States

Central Steel & Wire Co. is a metals distributor and fabricator with service centers in Chicago, Milwaukee, Detroit, Cincinnati and Greensboro.

Buy $140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 Apogee Steel

Mississauga, Ontario, Canada

Apogee Steel is a sheet metal fabricator company providing sheering, punching, forming, and laser-cut processing in addition to welding and hardware assembly services. Apogee Steel is based in Mississauga, Ontario, Canada.

Buy -
Mergr

Product

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