Steel Mills
Ryerson Acquires Apogee Steel, Boosting Fabrication
Written by David Schollaert
March 3, 2022
Ryerson has acquired Apogee Steel Fabrication, expanding the service center’s value-added offerings in a move likened to its purchase of Specialty Metals Processing (SMP) last September. Terms of the deal were not disclosed.
“We see Apogee strengthening Ryerson’s network of value-added service centers in Canada, adding to our processing capabilities and growing our full-service fabrication business,” said Mike Burbach, Ryerson’s COO.
Apogee, based in Mississauga, Ontario, is a full-line fabricator of stainless steel, aluminum, galvanized and carbon sheet, offering shearing, punching, forming and laser-cut processing, in addition to welding and hardware assembly services. The company serves the automotive, construction, transportation and several industrial subsectors.
“We are excited to further grow our business and expand our customer offerings by joining the Ryerson Family of Companies,” said Bob MacPherson, Apogee Steel’s president. “Ryerson’s ‘say yes and figure it out’ culture and commitment to creating excellent customer experiences are a perfect fit for our team at Apogee.”
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 U.S., Canada, Mexico and China.
By David Schollaert, David@SteelMarketUpdate.com
David Schollaert
Read more from David SchollaertLatest in Steel Mills
Cliffs unveils new hydrogen-powered stainless line in Ohio
CEO Lourenco Goncalves, flanked by state leaders and union reps, touted the project as proof that US manufacturing is not only alive, but also advancing.
Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.
Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.