Ryerson Purchases Fanello Industries
By Metal Center News Staff
on Apr 10, 2018
Chicago-based service center Ryerson has acquired Fanello Industries, a privately owned metal service company located in Lavonia, Ga.
Fanello is a processor and service provider that supplies blanking, stamping, laser cutting, bending and machining metal solutions to a diverse group of industries in the Southeastern U.S., according to Ryerson. The company has annual revenue of approximately $20 million and employs approximately 150 people.
“Fanello Industries has built an excellent reputation by designing custom metal stamping, machining, and tool and die solutions for its customers,” said Eddie Lehner, president and CEO of Ryerson. “The acquisition of Fanello increases our breadth of value-added services that we can leverage across our intelligent service center network to create great experiences for Ryerson’s current and future customers.”
Kevin Richardson, president of Ryerson’s South-East region, added that the company has worked closely with Fanello CEO Vince Fanello and his management team for many years, both as a customer and a supplier of value-added fabrication services.
“Fanello will be an excellent extension of our supply chain given its outstanding reputation for quality and broad capabilities in stamping and metal fabrication,” Richardson said. “Fanello will continue to service the market under its own brand name and we look forward to collaborating with its team as we join forces.”
Vince Fanello said the opportunity to join Ryerson will benefit his customers by continuing the service and dedication they have enjoyed in the past. “Combining our depth of knowledge in the metals industry enhances our product offering in the future,” Fanello added. “Joining a company that measures success in centuries is an honor for all of us at Fanello Industries.”