Add-on Acquisition • Metals/Mining

Ryerson Acquires Fay Industries

On January 5, 2015, Ryerson acquired metals/mining company Fay Industries

Acquisition Context
  • This is Ryerson’s 3rd transaction in the Metals/Mining sector.
  • This is Ryerson’s 3rd transaction in the United States.
  • This is Ryerson’s 2nd transaction in Ohio.

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M&A Deal Summary

Date January 5, 2015
Target Fay Industries
Sector Metals/Mining
Buyer(s) Ryerson
Deal Type Add-on Acquisition

Target Company

Fay Industries

Strongville, Ohio, United States
Fay Industries, Inc. is a metals service center company.
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Buyer Overview 1

Buyer

Ryerson

Chicago, Illinois, United States

Category Company
Founded 1842
Sector Metals/Mining
Employees4,200
Revenue 4.6B USD (2024)
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 Context for Buyer #
Overall 3 of 18
Sector: Metals/Mining 3 of 9
Type: Add-on Acquisition 2 of 17
State: Ohio 2 of 4
Country: United States 3 of 17
Year: 2015 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-14 Singer Steel Co.

Streetsboro, Ohio, United States

Singer Steel Company (‘Singer”), a value-added flat rolled steel processor.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 Southern Tool Steel

Chattanooga, Tennessee, United States

Southern Tool Steel (STS) is a metals service center company headquartered in Chattanooga, Tennessee. Southern Tool Steel maintains a highly diversified, largely transactional account base and specialization in bar and plate processing, as well as grinding capabilities. Southern Tool Steel has two locations and approximately 90 employees serving the southeastern United States.

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