Ryerson (company)

Ryerson Holding Corporation is a metals distributor and processor headquartered in Chicago, Illinois, United States.

Ryerson Holding Corporation
Public company
Traded asNYSE: RYI
Russell 2000 Component
IndustrySteel
Founded1842
HeadquartersChicago, Illinois, United States
Key people
 Edward Lehner, CEO[1][2]
ProductsStainless steel
Carbon steel
Aluminum[2]
Production output
1,897,000 tons[2]
Revenue US$3.167 billion (2015)[2]
US$108 million (2015)[2]
-US$1.8 million (2015)[2]
Total assets US$1.556 billion (2015)[2]
Total equity -US$141 million (2015)[2]
OwnerPlatinum Equity (66%)[2]
Number of employees
3,600[3] (2017)
Websitewww.ryerson.com

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.[2]

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.[4] In 2005, the company acquired Integris Metals.[5] In 2007, the company was acquired by Platinum Equity.[4][6] In 2014, the company went public via an initial public offering.[7]

The old Ryerson Steel mill at 18th Street and Rockwell Avenue in Chicago was purchased by the Lagunitas Brewing Company in 2012.[8]

gollark: And the money can act as a decent signalling mechanism that you actually want something, like on Kickstarter and whatnot.
gollark: And anything which people (with money, but that's lots of them) *want* can generate money.
gollark: I think they're attempting to introduce lower-priced options because of the general decline of the phone market.
gollark: They do need to innovate and I think have been attempting to a bit.
gollark: Competition encourages more efficient production, so you can do better than other companies.

References
  1. Ryerson: Leadership
  2. Ryerson Holding Corporation 2015 Form 10-K Annual Report
  3. "Ryerson Holding". Fortune. Retrieved 2019-02-19.
  4. Ryerson: History
  5. "Ryerson Tull Completes Acquisition of Integris Metals" (Press release). PRNewswire. January 4, 2005.
  6. "Ryerson to be Acquired by Platinum Equity for $34.50 Per Share in Cash" (Press release). PRNewswire. July 24, 2007.
  7. WILLIAM ALDEN (August 8, 2014). "Ryerson, an Old Chicago Steel Company, Slumps in Market Debut". New York Times.
  8. https://www.chicagotribune.com/business/ct-xpm-2012-04-10-chi-lagunitas-to-build-brewery-on-sw-side-20120410-story.html


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.