Ryerson has announced its acquisition of Howard Precision Metals, one of the largest distributors of aluminum in the Midwest.
“Howard has cultivated a strong brand and a reputation for creating excellent customer experiences,” said Mike Burbach, Ryerson’s COO. “Its processing capabilities complement Ryerson’s existing non-ferrous franchise, and we are excited to recognize these synergies as we welcome them to the Ryerson Family of Companies.”
Terms of the deal were not disclosed.
The Milwaukee, Wis.-based aluminum distributor noted its excitement in joining Ryerson. “Its processing capabilities complement Ryerson’s existing non-ferrous franchise, and we are excited to recognize these synergies as we welcome them to the Ryerson Family of Companies,” added Burbach.
Howard Precision Metals was established in 1928 and specializes in aluminum mold plate, wrought plate, cast plate, and extruded aluminum bar stock.
Ryerson, headquartered in Chicago, Ill., is a leading value-added processor and distributor of industrial metals employing about 4,000 across 100 locations in the US, Canada, Mexico, and China.
By Becca Moczygemba, Becca@SteelMarketUpdate.com
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