Chicago, Illinois-based steel distribution and processing company Ryerson Inc. announced Monday that it has acquired Streetsboro, Ohio-based value-added flat rolled steel processor Singer Steel Company.
"This acquisition represents another step in Ryerson's ongoing initiative to expand our product and service offering. We believe that Singer's capabilities strongly enhance Ryerson's offering in the Midwest and Northeast and we are very excited about this expansion of our presence there," said Mike Arnold, Ryerson's Chief Executive Officer.
Singer is Ryerson's fourth acquisition in the past 14 months. Ryerson acquired Houston-based Texas Steel Processing Inc. in January 2010; the assets of Mobile, Alabama-based Cutting Edge Metal Processing Inc. in May 2010; and Houston-based SFI-Gray Steel Inc. in August 2010.