23 January 2017Tweet
Laserflex, a specialist in laser fabrication metal processing and welding, has been acquired by Ryerson, a distributor of industrial metals. According to Ryerson, the move will expand the company’s existing fabrication and metals processing capabilities.
With operations in the United States, Canada, Mexico and China, Ryerson employs around 3,500 people in approximately 100 locations. Laserflex employs more than 100 people at its two locations in Columbus, Ohio and Wellford, South Carolina and has annual revenue of approximately $25 million.
‘Our Laserflex team is excited to join Ryerson and we look forward to growing and expanding our laser processing and other precision metal fabrication services throughout Ryerson's expansive commercial network,’ commented Ken Kinkopf, president and chief executive officer of Laserflex.
Ryerson’s president and CEO, Eddie Lehner, added: ‘Laserflex and Ryerson share a passion for creating great customer experiences in the advanced fabrication of metal parts for a wide variety of original equipment manufacturers. Laserflex is an integral fit to our strategy focused around speed, scale, value-add, culture and analytics.’