The 2020 Mid-Year Economic Update_long

Ryerson Acquires Southern Tool Steel

Acquisition strengthens company's bar and plate processing capabilities.

Metals distributor Ryerson Holding Corp. (NYSE: RYI), Chicago, IL, has acquired Southern Tool Steel, a privately owned metals service center company based in Chattanooga, TN. Terms were not disclosed.

Southern Tool Steel has two locations and 90 employees serving the southeastern U.S. Its customer base includes machine, tool and die shops; energy providers; and automotive, appliance and aerospace parts manufacturers.

"STS brings extensive bar and plate processing capabilities to Ryerson, consistent with our focus on long products and value-added services," said Eddie Lehner, Ryerson's president and CEO.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.