Platinum Equity affiliates complete Ryerson acquisition

Ryerson Inc. on October 19 announced that affiliates of Platinum Equity LLC completed their acquisition of Ryerson. On July 24, 2007, Ryerson announced that it had entered into a merger agreement with affiliates of Platinum Equity LLC to acquire all outstanding shares of Ryerson common stock and Series A $2.40 Cumulative Convertible Preferred Stock for $34.50 per share.

Ryerson is a leading distributor and processor of metals in North America, with 2006 revenues of $5.9 billion. The company services customers through a network of service centers across the United States and in Canada, Mexico, India and China.