Steel Mills
June 5, 2018
Ryerson to Acquire Central Steel & Wire
Written by Tim Triplett
Two venerable Chicago-based metals distributors are joining forces, marking the latest big merger in the consolidating service center sector. Ryerson Holding Corp. has agreed to acquire Central Steel & Wire Co. in a transaction valued at $140 million.
Acquisition of Central Steel and Wire will solidify Ryerson’s position as the second largest service center organization in the industry with combined annual revenues of nearly $4.0 billion. Central Steel & Wire was ranked 21st in last year’s Metal Center News Service Center Top 50.
