M&A Deal Summary

Ryerson Acquires Howard Precision Metals

On September 1, 2022, Ryerson acquired distribution company Howard Precision Metals

Acquisition Highlights
  • This is Ryerson’s 3rd transaction in the Distribution sector.
  • This is Ryerson’s 12th transaction in the United States.
  • This is Ryerson’s 2nd transaction in Wisconsin.

M&A Deal Summary
Date 2022-09-01
Target Howard Precision Metals
Sector Distribution
Buyer(s) Ryerson
Deal Type Add-on Acquisition

Target

Howard Precision Metals

Milwaukee, Wisconsin, United States
Howard Precision Metals specializes in value-added processing services including high-quality precision cut aluminum plate and saw-cut extruded aluminum bar distribution. Howard Precision Metals was founded in 1928 and is based in Milwaukee, Wisconsin.

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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 13 of 18
Sector (Distribution) 3 of 4
Type (Add-on Acquisition) 12 of 17
State (Wisconsin) 2 of 3
Country (United States) 12 of 17
Year (2022) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Ford Tool Steels

St. Louis, Missouri, United States

Ford Tool Steels is a tool steel processor-based distributor that offers pre-squared blocks of tool steel in any grade available. Blocks can be furnished with a standard thickness tolerance of +.015/—030, along with widths and lengths square and parallel with a tolerance of +.015/.020. Ford Tool Steels is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Excelsior

Rockford, Illinois, United States

Excelsior is a full-service fabrication and machining company with advanced processing capabilities including machining centers, laser and waterjet cutting, welding, and complex assemblies. Excelsior was founded in 1996 and is based in Rockford, Illinois.

Buy -
Mergr

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