US Chicago-based Ryerson Inc., a distributor and processor of metals in North America, Thursday announced that it has acquired SFI-Gray Steel Inc., a steel plate processor based in Houston, Texas. Terms of the transaction were not announced.
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," said Phil Wylie, President of Ryerson's Southwest Region. "SFI also has a talented group of committed employees and great relationships with its vendors. Our strategic intention will be to invest in and grow the business in both the near- and long-term."