Platinum Equity's Ryerson Expands into South America
February 28, 2012
Platinum Equity's portfolio company Ryerson, a distributor and processor of metals in North America and China, has acquired a 50% stake in steel service center Açofran Aços e Metais, marking its inaugural expansion into the South American steel market. Açofran specializes in cutting and distributing special, tool and engineered steel. Platinum, along with minority stakeholder Moelis Capital Partners, acquired Ryerson in October 2007.