Ryerson Inc., Chicago, Illinois-based American processor and distributor of metals with operations in the US, Canada and China, announced on January 26 that Joseph T. Ryerson & Son, Inc., Ryerson's wholly-owned subsidiary, has acquired Texas Steel Processing, Inc. (TSPI), a steel plate fabricator based out of Houston, Texas, for a purchase price of approximately $11.4 million.
According to Ryerson's press release, TSPI's fabrication processes include plasma/oxy burning, robotic beveling, state-of-the-art rolling, forming and ASME (American Society of Mechanical Engineers)-standard welding. TSPI serves various markets including tanks, pressure vessels, heat exchangers, subsea, and OEMs (original equipment manufacturers).