wiredinUSA July 2018

Ryerson Holding Corporation has announced its entry into a definitive merger agreement to acquire Central Steel and Wire Company, a metal service center with six locations across the central and eastern USA. Central Steel andWire has a history andbrand spanning over 100 years, with a commercial portfolio centered on bar, tube, plate and sheet products. The company will continue to operate under its current brand name following the closing of the transaction. Eddie Lehner, Ryerson’s president and CEO, said: “Since 1909, Central Steel and Wire has cultivated a loyal customer following as an industry standard-bearer of customer service. Ryerson’s acquisition of Central Steel into the Ryerson family of highly valued industrial metal distribution and processing companies takes Ryerson’s ability to provide great customer experiences to another level. We are excited to elevate the best of Central Steel and Wire while leveraging Ryerson’s intelligently networked service centers. “By supporting and further developing the Central Steel and Wire brand in the marketplace to existing and new customers, Ryerson continues along a smart growth trajectory thatweexpect toaddmeaningfully to shareholder value in the years to come.” Completion of the transaction has been approved by the board of directors of both companies. The parties expect to close the transaction during the third quarter of 2018.

Steel merger

wiredInUSA - July 2018

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