With the exception of a few strategic acquirers, it’s pretty rare these days that we hear about a distributor actually expanding in the U.S. But one metals distributor is doing just that.
Chicago-based metals distributor and processor Ryerson Inc. announced recently it will open two new service centers in Utah and Texas by the end of the first quarter 2009. What’s more, the Platinum Equity-owned distributor doubled its stake in Chinese venture VSC-Ryerson China Ltd from 40% to 80%. VSC-Ryerson had $160 million in 2008 sales.
It’s one piece of not-so-bad news after a slew of falling fourth-quarter and year-end results.
At the National Association of Wholesaler-Distributors annual meeting this week in Washington, D.C., I heard …
Some Not-So-Bad News
With the exception of a few strategic acquirers, it’s pretty rare these days that we hear about a distributor actually expanding in the U.S. But one metals distributor is doing just that.
Chicago-based metals distributor and processor Ryerson Inc. announced recently it will open two new service centers in Utah and Texas by the end of the first quarter 2009. What’s more, the Platinum Equity-owned distributor doubled its stake in Chinese venture VSC-Ryerson China Ltd from 40% to 80%. VSC-Ryerson had $160 million in 2008 sales.
It’s one piece of not-so-bad news after a slew of falling fourth-quarter and year-end results.
At the National Association of Wholesaler-Distributors annual meeting this week in Washington, D.C., I heard …
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- Filed In: Free, Metals Service Centers, Subscriber Only, Top Distributor Sectors
About the Author
Lindsay Young
Lindsay Young is the president of 3 Aspens Media, a B2B content strategy and marketing content firm that works with distributors to translate their offline expertise – online. She has more than 20 years of experience leading and producing online and print content for publications and businesses. She leads a team of 12 writers, client success managers, designers, marketing specialists and strategists to produce content that helps companies translate their benefits to key decision-makers. She was previously the editor of Modern Distribution Management.
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