Ryerson Acquires Houston Plate Processor
Ryerson Inc., North America’s second-largest service center company, has acquired SFI-Gray Steel Inc., a Houston-based steel plate processor. Terms of the transaction were not disclosed.
"This acquisition represents another step in Ryerson's ongoing initiative to expand our product and service offering in this important market. We believe that Texas and the Southwest will continue to grow at an attractive rate, and we are excited about the opportunity to increase our presence there," says Matthias Heilmann, Ryerson's chief operating officer.
SFI-Gray is a precision flame-cutting company specializing in the cutting of carbon and alloy steel plate. The company serves various markets including oil and gas, as well as a variety of industrial applications. SFI-Gray was founded in 1992 when Steel Flamecutting and Gray Steel merged.
"We are excited about the acquisition of SFI-Gray," says Phil Wylie, president of Ryerson's Southwest Region. "The business serves a diverse customer base and maintains an excellent mix of unique value-added processing capabilities. SFI also has a talented group of committed employees and great relationships with its vendors.”