Ryerson, a leading distributor and processor of metals in North America, has announced its acquisition of BLP Holdings LLC, a Colorado-based company that specializes in the fabrication and distribution of processed aluminum products. The acquisition will help Ryerson expand its product offerings and enhance its position as a leader in the metals industry.
BLP Holdings LLC, founded in 2010, is a well-known manufacturer of processed aluminum products, including extrusions, castings, and forgings. The company’s products are used by customers in a variety of industries, including aerospace, defense, and automotive.
Ryerson, with its vast network of metal processing and distribution facilities, is a major player in the metals industry. The company’s product offerings include carbon and stainless steel, aluminum, and specialty metals.
With the acquisition of BLP Holdings LLC, Ryerson will be able to expand its product offerings to include processed aluminum products. This will enable the company to provide a more comprehensive range of products to its customers in the aerospace, defense, and automotive industries.
“We are excited to welcome BLP Holdings LLC to the Ryerson family,” said the CEO of Ryerson. “Their expertise in processed aluminum products is a perfect fit for our business, and we look forward to working together to provide our customers with even more comprehensive solutions.”
The acquisition of BLP Holdings LLC by Ryerson is expected to be completed in the first quarter of 2023. The financial terms of the deal have not been disclosed.
Overall, the acquisition of BLP Holdings LLC by Ryerson highlights the growing importance of processed aluminum products in the aerospace, defense, and automotive industries. With the addition of BLP Holdings LLC’s products to its offerings, Ryerson will be better positioned to meet the needs of its customers and enhance its position as a leader in the metals industry.
