Service Centers

Ryerson Acquires Fanello Industries
Written by Sandy Williams
April 5, 2018
Ryerson Holding Corp. announced the acquisition of Fanello Industries, a privately owned metal service company located in Lavonia, Ga.
Fanello Industries provides blanking, stamping, laser cutting, bending, and machining metal solutions to a diverse group of industries in the southeastern U.S. The company employs 150 and has annual revenue of approximately $20 million.
“Fanello Industries has built an excellent reputation by designing custom metal stamping, machining, and tool and die solutions for its customers. When we say that we have a passion for the customer experience, that passion is embodied in Fanello,” said Ryerson President and CEO Eddie Lehner. “The acquisition of Fanello increases our breadth of value-added services that we can leverage across our intelligent service center network to create great experiences for Ryerson’s current and future customers.”

Sandy Williams
Read more from Sandy WilliamsLatest in Service Centers

Ryerson swung to loss in ’24, but saw fortunes improve over the last month
Ryerson swung to a loss in the fourth quarter, but has seen a turnaround in the last 30 days.

Despite policy uncertainty, Reliance upbeat on ’25
Reliance noted that it is about 95% domestically sourced.

Russel Metals posts solid quarter, doesn’t expect direct impact from tariffs
Russel Metals said on Thursday that it doesn’t expect to be directly impacted by US tariffs on Canadian steel. The Mississauga, Ontario-based distributor made the comments in its quarterly earnings report on Thursday. The company doesn’t export significant volumes to the US, it said, and thus doesn’t expect to be directly impacted. However, “The primary […]

Friedman logs quarterly loss amid ‘challenging conditions’
Friedman swings to a loss in its fiscal third quarter of 2025.

Tampa Steel Conference: Service centers more upbeat about 2025
If 2021 and 2022 was the party, 2024 is the morning after, one panelist said.