03
Jul
19:34
Ryerson completes $150m Central Steel purchase
US service centre chain Ryerson has officially closed on its $150.8 million buy of Central Steel & Wire, Kallanish reports.
The buy was announced in early June. Central Steel boasts an enterprise value of $140m on a cash-free, debt-free basis.
Central Steel will retain its brand name and operate as a subsidiary of the larger Ryerson brand.
"The inclusion of Central Steel & Wire into the Ryerson family of highly valued industrial metal distribu…
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