CHICAGO, Oct. 2, 2023
/PRNewswire/ -- Ryerson Holding Corporation (NYSE: RYI), a
leading value-added processor and distributor of industrial metals,
announced today its acquisition of Norlen Incorporated ("Norlen"),
a full-service metal fabricator based in Schofield, Wisconsin. Norlen provides
stamping, machining, painting, and additional value-added
fabrication services to industries including agriculture, HVAC, and
defense.
"Norlen's extensive processing capabilities provide additional
opportunities for Ryerson to grow our value-added business in the
Midwest and beyond," said Jeff
Redfield, Ryerson's President, North Region. "This
acquisition will enable us to recognize synergies in supply and
strengthen our network of service centers with greater in-house
fabrication offerings for customers."
Corey Suthers, Norlen Vice President, stated, "Norlen has
worked diligently since 1964 to expand its services to provide
comprehensive metal solutions for manufacturers. We look forward to
continuing to serve customers with the latest technologies as a
member of the Ryerson Family of Companies."
About Ryerson
Ryerson is a leading value-added processor and distributor of
industrial metals, with operations in the
United States, Canada,
Mexico, and China. Founded in 1842, Ryerson has around
4,300 employees in approximately 100 locations. Visit Ryerson at
www.ryerson.com.
Safe Harbor Provision
Certain statements made in this presentation and other written
or oral statements made by or on behalf of the Company constitute
"forward-looking statements" within the meaning of the federal
securities laws, including statements regarding our future
performance, as well as management's expectations, beliefs,
intentions, plans, estimates, objectives, or projections relating
to the future. Such statements can be identified by the use of
forward-looking terminology such as "objectives," "goals,"
"preliminary," "range," "believes," "expects," "may," "estimates,"
"will," "should," "plans," or "anticipates" or the negative thereof
or other variations thereon or comparable terminology, or by
discussions of strategy. The Company cautions that any such
forward-looking statements are not guarantees of future performance
and may involve significant risks and uncertainties, and that
actual results may vary materially from those in the
forward-looking statements as a result of various factors. Among
the factors that significantly impact our business are: the
cyclicality of our business; the highly competitive, volatile, and
fragmented metals industry in which we operate; the impact of
geopolitical events, including Russia's invasion of Ukraine and global trade sanctions;
fluctuating metal prices; our indebtedness and the covenants in
instruments governing such indebtedness; the integration of
acquired operations; regulatory and other operational risks
associated with our operations located inside and outside of
the United States; the ownership
of a significant portion of our equity securities by a single
investor group; work stoppages; obligations under certain employee
retirement benefit plans; currency fluctuations; and consolidation
in the metals industry. Forward-looking statements should,
therefore, be considered in light of various factors, including
those set forth above and those set forth under "Risk Factors" in
our annual report on Form 10-K for the year ended December 31, 2022, our quarterly report on Form
10-Q for the quarter ended June 30,
2023, and in our other filings with the Securities and
Exchange Commission. Moreover, we caution against placing undue
reliance on these statements, which speak only as of the date they
were made. The Company does not undertake any obligation to
publicly update or revise any forward-looking statements to reflect
future events or circumstances, new information or otherwise.
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SOURCE Ryerson Holding Corporation