M&A Deal Summary

Ryerson Acquires Fanello Industries

On April 4, 2018, Ryerson acquired manufacturer Fanello Industries

Acquisition Highlights
  • This is Ryerson’s 1st transaction in the Manufacturing sector.
  • This is Ryerson’s 7th transaction in the United States.
  • This is Ryerson’s 1st transaction in Georgia.

M&A Deal Summary

Date 2018-04-04
Target Fanello Industries
Sector Manufacturing
Buyer(s) Ryerson
Deal Type Add-on Acquisition

Target

Fanello Industries

Lavonia, Georgia, United States
Fanello Industries, Inc. is a processor and service provider that supplies blanking, stamping, laser cutting, bending, and machining metal solutions to a diverse group of industries in the Southeastern United States.

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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 7 of 18
Sector (Manufacturing) 1 of 3
Type (Add-on Acquisition) 6 of 17
State (Georgia) 1 of 1
Country (United States) 7 of 17
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-15 Guy Metals

Hammond, Wisconsin, United States

Guy Metals, Inc. is a provider of stainless and nickel alloy products including its trademarked "Pit Free Dairy" and "Super4" finishes used in food, dairy, pharmaceutical, and beverage applications.

Buy -
FOLLOWING 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