Ryerson (company) explained

Ryerson Holding Corporation
Type:Public company
Traded As:
Russell 2000 Component
Foundation:1842
Hq Location:Chicago, Illinois, United States
Industry:Steel
Products:Stainless steel
Carbon steel
Aluminum
Production:1,897,000 tons
Owner:Platinum Equity (66%)
Num Employees:3,600[1]
Num Employees Year:2017
Homepage:www.ryerson.com

Joseph T. Ryerson & Son, Inc. is a services company that processes and distributes metals, with operations in the United States, Mexico, Canada, and China. Founded in 1842, Ryerson is headquartered in Chicago and employs approximately 4,200 employees at about 100 locations.

Current operations

In addition to the United States, Ryerson has operations in Canada, China, and Mexico. Foreign operations accounted for less than 12% of total revenue in 2015.

History

The company was founded in 1842. In the early 1900s, when Ford Motor Company started producing vehicles, Ryerson supplied it with steel. In 1935, the company merged with Inland Steel Company. In 1946, the company owned a plant in Los Angeles, California, its first plant on the West Coast.[2] In 2005, the company acquired Integris Metals.[3] In 2007, the company was acquired by Platinum Equity.[2] [4] In 2014, the company went public via an initial public offering.[5]

The old Ryerson Steel mill at 18th Street and Rockwell Avenue in Chicago was purchased by the Lagunitas Brewing Company in 2012.[6]

Notes and References

  1. Web site: Ryerson Holding. Fortune. 2019-02-19.
  2. https://www.ryerson.com/en/ourcompany/history Ryerson: History
  3. Ryerson Tull Completes Acquisition of Integris Metals . . January 4, 2005.
  4. Ryerson to be Acquired by Platinum Equity for $34.50 Per Share in Cash . . July 24, 2007.
  5. Web site: Ryerson, an Old Chicago Steel Company, Slumps in Market Debut . . WILLIAM ALDEN . August 8, 2014.
  6. Web site: Lagunitas to build brewery on SW Side – Chicago Tribune. Chicago Tribune.