Ryerson Holding Corporation announced that it acquired Fanello Industries, a privately-owned metal service company located in Lavonia, Georgia. Fanello is a processor and service provider that supplies blanking, stamping, laser cutting, bending, and machining metal solutions to a diverse group of industries in the Southeastern United States. The Company employs approximately 150 people and has annual revenue of approximately USD 20 million.
Eddie Lehner, Ryerson’s President and Chief Executive Officer, said “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. 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.”
Vince Fanello, Chief Executive Officer of Fanello Industries, stated, “This year Fanello Industries enjoyed its 20th anniversary, and the opportunity to join Ryerson allows our customers to enjoy the continued service and dedication they have enjoyed in the past, while combining our depth of knowledge in the metals industry enhances our product offering in the future. Joining a company that measures success in centuries is an honor for all of us at Fanello Industries.”
Source : Strategic Research Institute, SteelGuru