Loading AI tools
American metals company From Wikipedia, the free encyclopedia
Joseph T. Ryerson & Son, Inc. is a services company that processes and distributes metals, with operations in the United States, Mexico, Canada, and China. Founded in 1842, Ryerson is headquartered in Chicago and employs approximately 4,200 employees at about 100 locations.
Company type | Public company |
---|---|
NYSE: RYI Russell 2000 Component | |
Industry | Steel |
Founded | 1842 |
Headquarters | Chicago, Illinois, United States |
Key people | Edward Lehner, CEO[1][2] |
Products | Stainless steel Carbon steel Aluminum[2] |
Production output | 1,897,000 tons[2] |
Revenue | US$3.167 billion (2015)[2] |
US$108 million (2015)[2] | |
-US$1.8 million (2015)[2] | |
Total assets | US$1.556 billion (2015)[2] |
Total equity | -US$141 million (2015)[2] |
Owner | Platinum Equity (66%)[2] |
Number of employees | 3,600[3] (2017) |
Website | www.ryerson.com |
In addition to the United States, Ryerson has operations in Canada, China, and Mexico. Foreign operations accounted for less than 12% of total revenue in 2015.[2]
The company was founded in 1842. In the early 1900s, when Ford Motor Company started producing vehicles, Ryerson supplied it with steel. In 1935, the company merged with Inland Steel Company. In 1946, the company owned a plant in Los Angeles, California, its first plant on the West Coast.[4] In 2005, the company acquired Integris Metals.[5] In 2007, the company was acquired by Platinum Equity.[4][6] In 2014, the company went public via an initial public offering.[7]
The old Ryerson Steel mill at 18th Street and Rockwell Avenue in Chicago was purchased by the Lagunitas Brewing Company in 2012.[8]
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.