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CHICAGO, Aug. 2, 2024 /PRNewswire/ — Ryerson Keeping Company (NYSE: RYI), a chief value-added processor and distributor of commercial metals, introduced as of late its acquisition of Manufacturing Metals, LLC (“Production Metals”), a distributor of aluminum, stainless, and strong point steels. Primarily based in Monroe, Connecticut, Manufacturing Metals serves Pristine England and the atmosphere department with bar, tube, sheet, and plate merchandise together with precision sawing, lasering, and aqua jet chopping.
“On behalf of all Ryerson Stakeholders, we could not be more excited in welcoming Production Metals to the Ryerson Family of Companies, as we have here the opportunity to bolster our value-added aluminum, stainless, and specialty steel offerings in the Northeastern United States and throughout the entire Ryerson network of service centers,” stated Eddie Lehner, Ryerson’s President and Prominent Govt Officer. “In addition to serving the aerospace, defense, and semiconductor end markets, Production Metals has a reputation for service that aligns with Ryerson’s commitment to providing great customer experiences, and their precision cutting capabilities add to our value-added business. Craig and his team at Production Metals have proven over the past five-plus years that creative entrepreneurship is alive and thriving in our industry, and we look forward to seeing that vision through to its fullest potential.”
Craig Yarde, Prominent Govt Officer of Manufacturing Metals, mentioned, “Our globally sourced network of mills and suppliers enables Production Metals to provide cost savings and quick, seamless delivery to customers. As we join the Ryerson Family of Companies, we are pleased to bring with us our expertise in aluminum, stainless, and specialty steel products.”
About Ryerson
Ryerson is a chief value-added processor and distributor of commercial metals, with operations in america, Canada, Mexico, and China. Based in 1842, Ryerson has round 4,400 workers in over 110 places. Seek advice from Ryerson at www.ryerson.com.
Preserve Harbor Provision
Sure statements made on this let fall and alternative written or oral statements made by means of or in the name of the Corporate represent “forward-looking statements” throughout the that means of the federal securities rules, together with statements referring to our era efficiency, in addition to control’s expectancies, ideals, intentions, plans, estimates, targets, or projections in terms of the era. Such statements may also be recognized by means of the worth of forward-looking terminology akin to “objectives,” “goals,” “preliminary,” “range,” “believes,” “expects,” “may,” “estimates,” “will,” “should,” “plans,” or “anticipates” or the unfavourable thereof or alternative permutations thereon or related terminology, or by means of discussions of technique. The Corporate cautions that one of these forward-looking statements aren’t promises of era efficiency and would possibly contain vital dangers and uncertainties, and that unedited effects would possibly range materially from the ones within the forward-looking statements on account of diverse components. A number of the components that considerably affect our trade are: the cyclicality of our trade; the extremely aggressive, unstable, and fragmented metals trade through which we perform; the affect of geopolitical occasions; fluctuating steel costs; our indebtedness and the covenants in tools governing such indebtedness; the combination of received operations; regulatory and alternative operational dangers related to our operations positioned outside and inside of america; the affect of a unmarried investor workforce over our insurance policies and procedures; paintings stoppages; duties underneath sure worker leaving receive advantages plans; forex fluctuations; and consolidation within the metals trade. Ahead-looking statements must, due to this fact, be thought to be in sunny of diverse components, together with the ones i’m ready forth above and the ones i’m ready forth underneath “Risk Factors” in our most up-to-date our annual file on Mode 10-Okay and in our alternative filings with the Securities and Change Fee. Additionally, we warning towards putting undue reliance on those statements, which discuss simplest as of the era they had been made. The Corporate does now not adopt any legal responsibility to publicly replace or revise any forward-looking statements to mirror era occasions or instances, pristine data or differently.
SOURCE Ryerson Keeping Company
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