Ryerson Holding Acquires Fay Industries - Quick Facts

(RTTNews) - Ryerson Holding Corp. (RYI), a processor and distributor of metals, said it has acquired Fay Industries, Inc., a privately-owned metals service center company located in Strongsville, Ohio. Financial terms of the deal were not disclosed.

Ryerson Holding noted that the acquisition will further strengthen its long products and saw cutting processing capabilities, as well as its ability to serve industries including heavy equipment, mining, oil and gas, and industrial maintenance and repair.

Fay Industries employs around 65 employees in one location and has annual revenue of about $30 million.