M&A Deal Summary

Ryerson Acquires Apogee Steel

On March 2, 2022, Ryerson acquired metals/mining company Apogee Steel

Acquisition Highlights
  • This is Ryerson’s 8th transaction in the Metals/Mining sector.
  • This is Ryerson’s 1st transaction in Canada.
  • This is Ryerson’s 1st transaction in Ontario.

M&A Deal Summary
Date 2022-03-02
Target Apogee Steel
Sector Metals/Mining
Buyer(s) Ryerson
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Ryerson

Chicago, Illinois, United States
Category Company
Founded 1842
Sector Metals/Mining
Employees4,600
Revenue 5.1B USD (2023)
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 10 of 18
Sector (Metals/Mining) 8 of 9
Type (Add-on Acquisition) 9 of 17
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Specialty Metals Processing

Stow, Ohio, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 FreeFORM

Saint Marys, Pennsylvania, United States

FreeFORM is an additive manufacturing and engineering company specializing in metal additive manufacturing including metal binder jet 3D printing and metal injection molding. FreeFORM was founded in 2020 and is based in Saint Marys, Pennsylvania.

Buy -
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