Ryerson Acquires Norlen, A Full-Service Metal Fabricator Based In Schofield, Wisconsin; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Ryerson Holding Corporation has acquired Norlen, a full-service metal fabricator based in Schofield, Wisconsin. Norlen provides stamping, machining, painting, and additional value-added fabrication services to various industries including agriculture, HVAC, and defense. The terms of the deal were not disclosed.
October 02, 2023 | 8:53 pm
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Ryerson's acquisition of Norlen could potentially expand its service offerings and customer base, which may have a positive impact on its stock in the short term.
Acquisitions often lead to an expansion of services and customer base, which can increase revenues and profitability. This can have a positive impact on the company's stock price. However, the exact impact will depend on the financial details of the deal, which were not disclosed.
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