20
Jun
13:08
Ryerson advances Central Wire buy
US service centre chain Ryerson is moving forward with its plan to buy Central Steel Wire, Kallanish learns from financial advisor Brown Gibbons Lang & Company (BGL).
The deal was initially announced on 5 June. It is expected to close by the third quarter of 2018.
Central Steel has an enterprise value of $140 million on a cash-free, debt-free basis.
"The BGL team did a great job keeping our process on track," says Central Steel ceo Steve Fuhr…
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Anonymous
Very good overview of the weekly steel market.
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