Ryerson Acquires Norlen Incorporated

Oct 02, 2023•about 2 years ago

Acquiring Company

Ryerson Holding

Acquired Company

Norlen Incorporated

ChicagoManufacturing

Description

Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, announced today its acquisition of Norlen Incorporated ("Norlen"), a full-service metal fabricator based in Schofield, Wisconsin. Norlen provides stamping, machining, painting, and additional value-added fabrication services to industries including agriculture, HVAC, and defense.

Company Information

Company

Ryerson Holding

Location

Chicago, Illinois, United States

About

Ryerson Holding is a leading steel distributor in North America. The company provides a wide variety of metal products and services. Ryerson emphasizes operational efficiency and strategic growth through mergers and acquisitions. They aim to bolster their market position in the steel industry.

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Based on deal data

Integration timeline

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Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Ryerson Acquires Norlen Incorporated

Description

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Company Information