M&A Deal Summary

Ryerson Acquires Southern Tool Steel

On August 4, 2015, Ryerson acquired metals/mining company Southern Tool Steel

Acquisition Highlights
  • This is Ryerson’s 4th transaction in the Metals/Mining sector.
  • This is Ryerson’s 4th transaction in the United States.
  • This is Ryerson’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2015-08-04
Target Southern Tool Steel
Sector Metals/Mining
Buyer(s) Ryerson
Deal Type Add-on Acquisition

Target

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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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 4 of 18
Sector (Metals/Mining) 4 of 9
Type (Add-on Acquisition) 3 of 17
State (Tennessee) 1 of 1
Country (United States) 4 of 17
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Fay Industries

Strongville, Ohio, United States

Fay Industries, Inc. is a metals service center company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-19 The Laserflex

Hilliard, Ohio, United States

The Laserflex Corp. is a full service precision metal fabricator specializing in laser material processing technology.

Buy -
Mergr

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