CHICAGO, Jan. 19, 2017 /PRNewswire/ -- Ryerson
Holding Corporation (NYSE: RYI), a leading distributor and
value-added processor of industrial metals, announced today that it
acquired The Laserflex Corporation (Laserflex), a privately-owned
metal fabricator with locations in Columbus, Ohio and Wellford, South
Carolina. Laserflex specializes in laser fabrication metal
processing and welding and further enhances Ryerson's existing
fabrication and metals processing capabilities. Laserflex
employs more than 100 employees at its two locations and has annual
revenue of approximately $25
million.
"As Ryerson approaches its 175th year in business as
an industry leader and iconic industrial brand, we are delighted to
welcome Laserflex to our company. Laserflex and Ryerson share
a passion for creating great customer experiences in the advanced
fabrication of metal parts for a wide variety of original equipment
manufacturers. Laserflex is an integral fit to our
strategy focused around speed, scale, value-add, culture and
analytics," said Eddie Lehner,
Ryerson's President and Chief Executive Officer.
Added Kevin Richardson, Ryerson's
President, South-East Region, "The Laserflex management team has
built an excellent company over the past 20 years, and we have
worked closely with them as both a customer and a supplier of
value-added services."
Ken Kinkopf, President and Chief
Executive Officer of Laserflex, stated, "Our Laserflex team is
excited to join Ryerson and we look forward to growing and
expanding our laser processing and other precision metal
fabrication services throughout Ryerson's expansive commercial
network."
About Ryerson
Ryerson is a leading distributor and value-added processor of
industrial metals, with operations in the
United States, Canada,
Mexico and China. Founded in 1842, Ryerson employs
around 3,500 employees in approximately 100 locations. Visit
Ryerson at www.ryerson.com.
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SOURCE Ryerson Holding Corporation