Platinum Equity
Mergers. Acquisitions. Operations.

Mergers. Acquisitions. Operations.

Ryerson

Industrials · Public-to-Private Transaction · Acquired in October 2007

Processes, fabricates, and distributes metal sheet, coil, plate, and long products through service centers in North America and China for the construction, consumer products, and other industries.

Video: Inside the Platinum Portfolio. With manufacturing facilities and service centers across North America and in China, Ryerson processes and distributes a wide range of metal products. A look at the process in Ryerson's facility in California.

Video Short »

NEWS

KEY FACTS

  • Began trading on the New York Stock Exchange under the ticker symbol “RYI” on August 8, 2014.
  • One of the largest processors and distributors of metals in North America measured in terms of sales, with global operations in North America, China and Brazil. 
  • Operates over 90 facilities across North America, six facilities in China and one in Brazil.
  • Customer base ranges from local, independently owned fabricators and machine shops to large, international original equipment manufacturers. 
  • Processes and distributes a full line of over 70,000 products in stainless steel, aluminum, carbon steel and alloy steels and a limited line of nickel and red metals in various shapes and forms. 

INITIATIVES

  • Since Platinum Equity acquired Ryerson it has transformed its operating model by decentralizing its operations and reducing its cost base. 
  • Ryerson has focused on process improvements and has improved inventory management.  Reducing “average inventory days” has decreased the company’s exposure to metals price movements and increased capacity in its facilities for higher margin products. 
  • Organizational and operating changes have improved Ryerson’s operating structure, working capital management and efficiency. 
  • Since 2010, Ryerson has completed five strategic acquisitions: Texas Steel Processing Inc., SFI-Gray Steel Inc., Singer Steel Company, Turret Steel and Açofran Aços e Metais Ltda. 
  • Ryerson opened eight new facilities in Texas, Georgia, Iowa, Illinois, Utah and Mexico since 2011 as well as expanded higher-margin plate fabrication or long-product capabilities at many existing locations. 

VIDEO FEATURES

  • Executives from Ryerson and Platinum Equity discuss key operational initiatives that reignited the company's entrepreneurial drive since joining the portfolio. Watch Video »
  • With manufacturing facilities and service centers across North America and in China, Ryerson processes and distributes a wide range of metal products. Watch Video »

updated 08/14