Ryerson (company)
 | |
| Company type | Public company |
|---|---|
| NYSE: RYI Russell 2000 Component | |
| Industry | Steel |
| Founded | 1842 |
| Headquarters | Chicago, Illinois, United States |
Key people | Edward Lehner, CEO[1][2] |
| Products | Stainless steel Carbon steel Aluminum[2] |
Production output | 1,897,000 tons[2] |
| Revenue |  US$3.167 billion (2015)[2] |
 US$108 million (2015)[2] | |
| -US$1.8 million (2015)[2] | |
| Total assets | US$1.556 billion (2015)[2] |
| Total equity | -US$141 million (2015)[2] |
| Owner | Platinum Equity (66%)[2] |
Number of employees | 3,600[3] (2017) |
| Website | www.ryerson.com |
Joseph T. Ryerson & Son, Inc. is a services company that processes and distributes metals, with operations in the United States, Mexico, Canada, and China. Founded in 1842, Ryerson is headquartered in Chicago and employs approximately 4,200 employees at about 100 locations.
Current operations
[edit]In addition to the United States, Ryerson has operations in Canada, China, and Mexico. Foreign operations accounted for less than 12% of total revenue in 2015.[2]
History
[edit]The company was founded in 1842. In the early 1900s, when Ford Motor Company started producing vehicles, Ryerson supplied it with steel. In 1935, the company merged with Inland Steel Company. In 1946, the company owned a plant in Los Angeles, California, its first plant on the West Coast.[4] In 2005, the company acquired Integris Metals.[5] In 2007, the company was acquired by Platinum Equity.[4][6] In 2014, the company went public via an initial public offering.[7]
The old Ryerson Steel mill at 18th Street and Rockwell Avenue in Chicago was purchased by the Lagunitas Brewing Company in 2012.[8]
References
[edit]- ^ Ryerson: Leadership
- ^ a b c d e f g h i j Ryerson Holding Corporation 2015 Form 10-K Annual Report
- ^ "Ryerson Holding". Fortune. Retrieved 2019-02-19.
- ^ a b Ryerson: History
- ^ "Ryerson Tull Completes Acquisition of Integris Metals" (Press release). PRNewswire. January 4, 2005.
- ^ "Ryerson to be Acquired by Platinum Equity for $34.50 Per Share in Cash" (Press release). PRNewswire. July 24, 2007.
- ^ WILLIAM ALDEN (August 8, 2014). "Ryerson, an Old Chicago Steel Company, Slumps in Market Debut". New York Times.
- ^ "Lagunitas to build brewery on SW Side – Chicago Tribune". Chicago Tribune.
External links
[edit]- Business data for Ryerson Holding Corporation:
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