Ryerson acquires laser cutting services provider Fanello Industries
Industrial metal processor and distributor Ryerson Holding Corporation (Chicago, IL) has acquired Fanello Industries (Lavonia, GA), which supplies laser cutting, blanking, stamping, bending, and machining metal solutions to several industries in the Southeastern U.S. The company employs approximately 150 people and has annual revenue of approximately $20 million.
Related: Ryerson acquires metal fabricator Laserflex
Ryerson has worked closely with Vince Fanello and his management team for many years both as a customer and a supplier of value-added fabrication services, according to Kevin Richardson, Ryerson's President, South-East Region. Fanello will continue to serve the market under its own brand name, he adds.
For more information, please visit www.ryerson.com.