Ryerson Holding Corporation (NYSE: RYI), a value-added processor and distributor of industrial metals, has acquired Specialty Metals Processing, a toll processor located in Stow. SMP processes stainless steel, aluminum, titanium and nickel alloy products in a variety of industries including aerospace. SMP's expertise in buffing, grinding and polishing finishes adds to Ryerson's value-added processing capabilities to provide better customer experiences.
"We are pleased to welcome SMP to the Ryerson Family of Companies as a recognized leader in toll processing," said Eddie Lehner, Ryerson's President and Chief Executive Officer. "This strategic acquisition builds upon our value-added capabilities and further strengthens our excellent stainless products franchise while reinforcing our mission of providing great customer experiences across our network of intelligently connected industrial metals service centers."
Bob Wilson, SMP President, stated, "SMP is happy to have joined the Ryerson Family of Companies and to bring our value-added services to customers across the network. We are excited to watch our brand and business grow."