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Ryerson Acquires Specialty Metals Processing

Sep 08, 2021•over 4 years ago

Acquiring Company

Ryerson Holding

Acquired Company

Specialty Metals Processing

ChicagoManufacturing

Description

Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, announced today that it has acquired Specialty Metals Processing ("SMP"), a toll processor located in Stow, Ohio. SMP processes stainless steel, aluminum, titanium and nickel alloy products in a variety of industries including aerospace. SMP's expertise in buffing, grinding and polishing finishes adds to Ryerson's value-added processing capabilities to provide better customer experiences.

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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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
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