Ryerson Acquires Fay Industries - Modern Distribution Management

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Ryerson Acquires Fay Industries

Acquisition strengthens company's bar and tube processing services.
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Metals distributor Ryerson Holding Corp. (NYSE: RYI), Chicago, IL, acquired metals services company Fay Industries, Inc., Strongsville, OH. Terms were not disclosed.

Fay Industries has around 65 employees and annual revenue of $30 million.

"Fay Industries brings extensive experience in bar and tube processing to Ryerson and advances our strategic focus on value-added customer services," said Mike Arnold, Ryerson's president and CEO.

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