M&A Deal Summary

Ryerson Acquires Production Metals

On August 2, 2024, Ryerson acquired distribution company Production Metals

Acquisition Highlights
  • This is Ryerson’s 4th transaction in the Distribution sector.
  • This is Ryerson’s 17th transaction in the United States.
  • This is Ryerson’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2024-08-02
Target Production Metals
Sector Distribution
Buyer(s) Ryerson
Deal Type Add-on Acquisition

Target

Production Metals

Monroe, Connecticut, United States
Production Metals is a distributor of aluminum, stainless, and specialty steels. Production Metals serves New England and the surrounding area with bar, tube, sheet, and plate products along with precision sawing, lasering, and water jet cutting. Production Metals was founded in 2018 and is based in Monroe, Connecticut.

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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 18 of 18
Sector (Distribution) 4 of 4
Type (Add-on Acquisition) 17 of 17
State (Connecticut) 1 of 1
Country (United States) 17 of 17
Year (2024) 1 of 1
PREVIOUS 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.

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