Ryerson Acquires Central Steel & Wire for $140 Million Expansion
Ryerson Holding Corp. has agreed to acquire Central Steel & Wire Company (CSW) in a deal valued at $140 million. This Ryerson Central Steel Wire acquisition expands the company’s presence across the Central and Eastern United States and strengthens its position in the metal service center market.
Through a subsidiary, Ryerson will complete the acquisition while allowing CSW to continue operating under its established brand. As a result, customers will benefit from continuity as well as expanded capabilities. CSW operates six locations, employs approximately 900 people, and generates about $600 million in annual revenue. In addition, the company supplies wire, bar, coil, plate, sheet, and tubing products.
Learn more about Ryerson: https://www.ryerson.com
Explore Central Steel & Wire: https://www.centralsteel.com
Ryerson Central Steel Wire Acquisition Expands Capabilities
Ryerson plans to integrate CSW into its network of service centers. Consequently, customers will gain access to a broader range of industrial metals and enhanced processing capabilities. Moreover, the combined companies will improve efficiency and strengthen supply chain performance.
Leadership from both companies highlighted the strategic value of the deal. Ryerson CEO Eddie Lehner emphasized the opportunity to deliver a more integrated product offering. Meanwhile, CSW CEO Steve Fuhrman noted that the acquisition will strengthen supplier relationships, support employees, and create new growth opportunities.
CSW brings a long history of industry expertise. Founded in Chicago in 1907, the company has grown into a major metal distributor serving customers from large OEMs to independent fabricators. Over time, it expanded its operations and added value-added divisions such as Central Coil Processing and Central Steel Fabricators.
At the same time, Ryerson continues to grow as a global value-added metals processor and distributor. The company operates across the United States, Canada, Mexico, and China, with approximately 3,700 employees and nearly 100 locations. Therefore, this acquisition supports its long-term strategy to expand scale and deliver stronger customer solutions.
