Ryerson Inc., a leading North American distributor and processor of metals, acquired Turret Steel Industries Inc. and Sunbelt-Turret Steel Inc., steel service centers headquartered in Pittsburgh, Pa. The acquisition also includes Turret-affiliated companies Wilcox Steel and Imperial Logistics. In addition to its Pittsburgh headquarters, Turret has service centers in Chicago and Warren, Ohio. Turret is primarily a distributor of special-bar-quality (SBQ) carbon and alloy bar stock focused on bar sizes of less than 6 inches in diameter. Sunbelt has locations in Charlotte, N.C.; Cooper, Texas; Dos Palos, Calif.; South Windsor, Conn.; and Portland, Ore. Sunbelt primarily distributes SBQ carbon and alloy bar products greater than 6 inches in diameter and also offers significant value-added processing capabilities.
Wilcox Steel has a single facility in Green Bay, Wis., that
primarily sells cold drawn bar products. Imperial Logistics operates as a
sourcing arm for flatbed and inbound trucking for all three companies. Earlier
this month, Ryerson announced expansions of its Atlanta, Ga., and Little Rock,
Ark., operations with added capabilities in long products and fabricated plate.
The company also recently opened new North American service centers in Salt
Lake City, Utah; Tijuana, Mexico; Houston, Texas; and Eldridge, Iowa.
Ryerson Acquires Turret Steel
December 14, 2011