Ryerson Holding Corporation acquires Production Metals to strengthen regional presence

Ryerson Holding Corporation, a leading industrial metals processor, has announced the acquisition of Production Metals, LLC. This strategic move is set to enhance Ryerson’s value-added offerings in aluminum, stainless, and specialty steels across the Northeastern United States.

Expansion into the Northeastern Market

Ryerson Holding Corporation, a prominent value-added processor and distributor of industrial metals, has confirmed its acquisition of Production Metals, LLC, a well-established distributor of aluminum, stainless, and specialty steels. This acquisition aims to significantly bolster Ryerson’s position in the Northeastern market, expanding its reach and capabilities in the region. Production Metals, headquartered in Monroe, Connecticut, serves the New England area with a diverse range of products, including bar, tube, sheet, and plate products, alongside precision sawing, lasering, and water jet cutting services.

Leadership Perspectives

Eddie Lehner, President and Chief Executive Officer of Ryerson, expressed enthusiasm about the acquisition, stating, “On behalf of all Ryerson stakeholders, we could not be more excited in welcoming Production Metals to the Ryerson family of companies. This acquisition presents a unique opportunity to enhance our value-added aluminum, stainless, and specialty steel offerings in the Northeastern United States and across our entire network of service centers.” Lehner highlighted that Production Metals’ reputation for excellent customer service and its precision cutting capabilities align well with Ryerson’s commitment to delivering exceptional customer experiences. He also acknowledged the entrepreneurial spirit of Production Metals’ team, led by Craig Yarde, and expressed anticipation for leveraging their innovative vision to achieve maximum potential.

Craig Yarde, Chief Executive Officer of Production Metals, also commented on the acquisition. He stated, “Our globally sourced network of mills and suppliers enables Production Metals to provide cost savings and quick, seamless delivery to customers. Joining the Ryerson family allows us to bring our expertise in aluminum, stainless, and specialty steel products to a broader audience.”

Strategic Importance and Synergies

Ryerson Holding Corporation, founded in 1842, operates globally with a significant presence in the United States, Canada, Mexico, and China. The company employs approximately 4,400 individuals across more than 110 locations. Production Metals, a family-owned business, has built a reputation for delivering precision products and fast, daily deliveries to customers in the New England and tri-state areas.

The acquisition underscores Ryerson’s strategic effort to enhance its market position and expand its service offerings in the competitive industrial metals sector. By integrating Production Metals’ operations, Ryerson is poised to provide an enhanced portfolio of metal products and processing services, ensuring faster delivery times and a wider selection for customers in the Northeastern region.

Future Outlook

This acquisition is expected to drive significant growth for Ryerson Holding Corporation, allowing it to tap into new markets and offer more comprehensive solutions to its clients. The combined expertise and resources of both companies are anticipated to result in operational efficiencies, improved customer service, and the development of innovative products.

Ryerson’s focus on expanding its value-added processing capabilities and geographic footprint aligns with its long-term strategic goals. This move also highlights the company’s commitment to meeting the evolving needs of its customers and maintaining a competitive edge in the industrial metals market.

The acquisition of Production Metals by Ryerson Holding Corporation marks a pivotal moment in the industrial metals sector. This strategic move not only strengthens Ryerson’s presence in the Northeastern United States but also enhances its ability to deliver superior products and services to a broader customer base. As the integration process unfolds, both companies are set to benefit from synergies that will drive growth and innovation in the industry.