trending Market Intelligence /marketintelligence/en/news-insights/trending/znsdmxd8f1rh1ozybq_jqa2 content esgSubNav
In This List

Ryerson broadens US presence via acquisition of Central Steel & Wire

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Ryerson broadens US presence via acquisition of Central Steel & Wire

Ryerson Holding Corp. agreed to acquire U.S. metal service center Central Steel & Wire Co. in a deal that values the latter at US$140 million, according to a June 5 release.

Central Steel & Wire's portfolio focuses on bar, tube, plate and sheet products. It employs about 900 people in six locations across the U.S., and has annual revenue of approximately US$600 million.

The company plans to use existing and acquired sources of liquidity to fund the acquisition, which is expected to close in the third quarter.

Ryerson is an industrial metals processor and distributor, with operations in the U.S., Canada, Mexico and China.