Ryerson Acquires Southern Tool Steel - Modern Distribution Management

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Ryerson Acquires Southern Tool Steel

Acquisition strengthens company's bar and plate processing capabilities.
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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.

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