# Ryerson to acquire Central Steel & Wire for $140M

Ryerson Holding Corporation entered a definitive merger agreement to acquire Central Steel & Wire Company, a metal service center with six locations in the Central and Eastern US, for an enterprise value of $140 million.

- Type: Acquisition
- Announced: 2018-06-05
- Where: United States
- Value: $140.0M
- Status: announced
- Products: bar, tube, plate, sheet metal products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Ryerson Holding Corporation](https://endata.com/companies/31102.md) (acquirer)
- [Central Steel & Wire Company](https://endata.com/companies/32384.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/ryerson-enters-into-definitive-agreement-to-acquire-central-steel--wire-company-300659771.html), 2018-06-05: "Ryerson's acquisition of Central Steel & Wire into the Ryerson family of highly valued industrial metal distribution and processing companies takes Ryerson's ability to provide great customer experiences to another level."
- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/ryerson-inks-agreement-to-acquire-central-steel-wire-1042437.htm), 2018-06-05: "Ryerson intends to fund the acquisition through existing and acquired sources of liquidity given Ryerson's strong performance and ample liquidity as reported in Ryerson's first quarter financial results on May 2, 2018."
- [bglco.com](https://www.bglco.com/press-release/bgl-announces-central-steel-wire-to-be-acquired-by-ryerson/), 2018-06-19: "The transaction values Central Steel & Wire at an enterprise value of $140,000,000 on a cash-free, debt-free basis with a normalized level of working capital."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1481582/000119312518211368/d663816d8k.htm), 2018-07-02: "On July 2, 2018, Joseph T. Ryerson & Son, Inc. completed the acquisition of Central Steel and Wire Company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.