M&A Deal Summary

Ryerson Acquires Norlen

On October 2, 2023, Ryerson acquired business services company Norlen

Acquisition Highlights
  • This is Ryerson’s 2nd transaction in the Business Services sector.
  • This is Ryerson’s 15th transaction in the United States.
  • This is Ryerson’s 3rd transaction in Wisconsin.

M&A Deal Summary

Date 2023-10-02
Target Norlen
Sector Business Services
Buyer(s) Ryerson
Deal Type Add-on Acquisition

Target

Norlen

Schofield, Wisconsin, United States
Norlen is a full-service metal fabricator that provides stamping, machining, painting, and additional value-added fabrication services to industries including agriculture, HVAC, and defense. Norlen was formed in 1964 and is based in Schofield, 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 16 of 18
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 15 of 17
State (Wisconsin) 3 of 3
Country (United States) 15 of 17
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-02 BLP

Houston, Texas, United States

BLP through its divisions offers advanced processing solutions aligned with a commitment to growing high-margin, value-added business. The group comprised of three divisions based out of Houston, Texas: Absolute Metal Products, Metal Cutting Specialists, and Houston Water Jet. Serving industries including oil and gas, aerospace, telecommunications, and structural fabrication, the three divisions together provide complex fabrication services in addition to toll processing capabilities such as saw cutting, machining, and water jet cutting. BLP is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-04 Hudson

Cerritos, California, United States

Hudson supplies tool steels and high-speed, carbon, and alloy steels to customers around the country. The company stocks all standard grades and sizes of tool steel and high-speed steel as well as specialty grades. Hudson was formed in 2002 and is based in Cerritos, California.

Buy -