Chicago, IL-based processor and distributor of industrial metals Ryerson acquired Monroe, CT-based Production Metals. Terms of the transaction were not disclosed.
Production Metals — a distributor of aluminum, stainless and specialty steels — serves customers within the New England region.
“On behalf of all Ryerson Stakeholders, we could not be more excited in welcoming Production Metals to the Ryerson Family of Companies, as we have here the opportunity to bolster our value-added aluminum, stainless, and specialty steel offerings in the Northeastern United States and throughout the entire Ryerson network of service centers,” Ryerson’s President and CEO Eddie Lehner said in an Aug. 2 news release. “In addition to serving the aerospace, defense, and semiconductor end markets, Production Metals has a reputation for service that aligns with Ryerson’s commitment to providing great customer experiences, and their precision cutting capabilities add to our value-added business.”
Ryerson operates in the U.S., Canada, Mexico and China distributing industrial metals to its customers.
“Our globally sourced network of mills and suppliers enables Production Metals to provide cost savings and quick, seamless delivery to customers,” Production Metals CEO Craig Yarde added. “As we join the Ryerson Family of Companies, we are pleased to bring with us our expertise in aluminum, stainless, and specialty steel products.”
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