Ryerson Acquires Lancaster Steel

Financial terms for the deal were not disclosed.

Ryerson Inc. announced Wednesday that its wholly owned subsidiary, Joseph T. Ryerson & Son, Inc. has acquired Lancaster Steel Service Company, Inc., a New York-based metals service center company.

Financial terms were not disclosed.

Lancaster Steel is a distributor of carbon flat rolled, plate, bars, tubing and structural steel, and has processing capabilities for precision blanking, leveling, slitting, plasma and oxy-fuel cutting, shearing and sawing.

Ryerson is a distributor and processor of metals. Its 2005 revenues totaled $5.8 billion and it has service centers across the U.S. and in Canada, Mexico and India.