Current News
Minimize


Sept. 5, 2012

Platinum Equity Purchases Stake in A.M. Castle

The Platinum Equity investment group, which owns Ryerson Inc., has purchased a 6.05 percent stake in A.M. Castle & Co., according to a Securities and Exchange Commission filing Aug. 20. Ryerson is the nation’s No. 2 service center company and A.M. Castle is No. 14 in the latest Metal Center News Service Center Top 50.

Published reports speculate that the purchase could be the initial step in a merger between the two service center giants. Ryerson had sales of $4.7 billion last year and Castle revenues of $1.1 billion.

Castle’s stock price jumped 27 percent on news of Platinum’s investment. Both companies declined calls for comment from Metal Center News.

A.M. Castle is still searching for a new chief executive officer to replace Michael H. Goldberg, who left the company in May.


From the Editor's Desk
Minimize
Commentary and analysis on the metals market from Editor Tim Triplett
More...
Subscribe to MCN"s e-newsletter.
More...
 
Pause
Business Practices and Technologies
Minimize
Business Solutions for Service Centers by experts in their fields.
More...
The Cutting Edge, Cutting and Sawing Equipment, a service center technology supplement to Metal Center News
More...
Systems Designed with Metals in Mind: What Service Centers Should Know About Today's Software Solutions
More...
 
Pause
New Products
Minimize
All the latest products for the Metal Service Center Industry
More...
TRUMPF TruLaser Improves Bevels, Welds
More...
Behringer Offers High-Production Saw for Pipe, Bar
More...
Miyachi Unitek Offers 5-Axis Fiber Laser
More...
 
Pause
Directories
Minimize

 
Metal Distribution 2013  is your on-line guide to Metal Producers, Equipment Manufacturers and Software companies.
 



 
2013 Directory of Master Distributors
Not Published on This Web site
The Metal Center News Directory of Master Distributors—distributors who sell to other distributors—is an invaluable tool for service centers seeking new sources for special or hard-to-find products. Master distributors play an important role in the marketplace, giving service centers an alternative to buying in mill quantities and helping to remove redundant and excess inventories from the distribution channel.


Print copies are available for $85 U.S. for each copy.
Download Order Form.
 
2013 Directory of Toll Processors
Not Published on This Web site
Metal Center News'
annual toll processing directory is a simple-to-use resource to help companies locate service providers that can meet their specific processing needs.


Print copies are available for $85 U.S. for each copy. Download Order Form.
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Monday, June 17, 2013