Ryerson Holding Corportation

13 News Chatter to Keep You Current

Heat Treat Today offers News Chatter, a feature highlighting representative moves, transactions, and kudos from around the industry. Enjoy these 13 news items, featuring Solar Atmosphere‘s all-metal hot zone furnace expansion, Ipsen USA‘s successful reaccreditation of its calibrations lab, Ryerson Holding Corporation and Olympic Steel Inc.’s merger, and more!


Equipment

1. Three aluminum melting furnaces at a Novelis site in Voerde, Germany, were updated to achieve a more than 40% reduction in carbon footprint and significantly lower gas consumption. This project marks an important step forward in the decarbonization of industrial processes. The upgrade includes Fives’ North American® regenerative technology.

2. Two SECO/WARWICK EV/CAB lines will be installed for a major manufacturer of heat exchangers for trucks, passenger cars, and new energy technologies. The furnaces are designed to meet the stringent requirements of the automotive industry for the production of commercial vehicle components. The installation will occur at two in-house heat treat locations for the Chinese manufacturer: one in Mexico and the other in China. 

3. Solar Atmospheres expanded its operational capacity with an additional all-metal hot zone furnace. The new system significantly expands the company’s capacity to heat treat highly sensitive materials such as precipitation-hardened stainless steels, nickel-chrome-based superalloys, titanium, and niobium. The new unit is installed at their Hermitage, Pennsylvania facility and will meet the stringent demands of the aerospace and medical industries. 

4. Alleima, a manufacturer of steel components and special alloys, will receive a new tube annealing furnace from SECO/WARWICK. The electric atmospheric furnace line is intended for bright annealing of high-alloy tubes and will be used in the production of nuclear applications components. This sale marks the heat treat solutions manufacturer’s 5,000th furnace sale. 

5. Tenova HYL, a Tenova company leader in direct reduction, has successfully started up its ENERGIRON Zero-Reformer DR Micro-Module at Empresa Siderúrgica del Mutún, in Santa Cruz, Bolivia, producing the first direct reduced iron (DRI) on October 7. This milestone of the contract signed with Sinosteel Equipment and Engineering (a global Chinese EPC contractor specializing in industrial engineering, equipment supply, and turnkey project delivery across the mining, metals, and infrastructure sectors) is a significant step in the companies’ long-standing cooperation. 

Company & Personnel

6. The Atmosphere Group will carry out business for the Region Americas under a new name: Aichelin Americas. Marty Poljan will continue to lead the region as president and CEO of Aichelin Americas. Tracy Dougherty has been promoted to president of Sales & Service and Paul Oleszkiewicz has been promoted to president of Operations. Subsidiaries of the group include AFC-Holcroft, Atmosphere Heat Treating, Inc., Austemper Inc., and Nitrex NTS (Nitrex, G-M Enterprises, and UPC-Marathon).

7. Ryerson Holding Corporation, a value-added processor and distributor of industrial metals, and Olympic Steel, Inc., a U.S. metals service center, announced that they have entered into a definitive agreement to merge. The merger will enhance the combined company’s presence as the second-largest North American metals service center and will bring Olympic Steel’s complementary footprint, tempering capabilities, and heat treated product offerings into Ryerson’s network of value-added service centers.

8. Hiperbaric presented on advanced HIP at Formnext.

9. Aalberts surface technologies announced the official opening of a brand-new 12,000 m² surface treatment production hall in Tatabánya. The event was honored by Levente Magyar, Deputy Minister for Foreign Affairs and Economic Relations, along with local parliamentarians, partners, and clients.

10. Wirco recognized Chad Haines, projects manager at the company, for 18 years with the company.

Kudos

11. Ipsen USA announces the successful ISO/IEC 17025:2017 reaccreditation of its calibrations lab, ensuring continued certification of inspection equipment used by their field service engineers to calibrate heat treating systems across the U.S. and worldwide. The reaccreditation directly supports industries such as aerospace and medical, where calibrated instruments are critical in producing high-precision parts. 

12. Global Metal Finishing has successfully passed its Nadcap audit and officially received its Nadcap re-accreditation. In addition, they’ve also obtained their AC7004 Nadcap Aerospace Quality System certification. 

13. PhD candidate Noah Kantor and undergraduate research assistant Richard Chen, both from Worcester Polytechnic Institute’s Center for Heat Treating Excellence (CHTE), took first place in the annual ASM Strong Bar Competition. Participants were challenged to design a heat treatment for SAE-9254 spring steel aimed at maximizing bend strength. 



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Ryerson and Olympic Steel Announce Merger

Ryerson Holding Corporation, a value-added processor and distributor of industrial metals, and Olympic Steel, Inc., a U.S. metals service center, announced that they have entered into a definitive agreement to merge. The merger will enhance the combined company’s presence as the second-largest North American metals service center and will bring Olympic Steel’s complementary footprint, tempering capabilities, and heat treated product offerings into Ryerson’s network of value-added service centers.

The deal is expected to generate approximately $120 million in annual synergies by the end of year two via procurement scale, efficiency gains, commercial enhancement, and network optimization. The merger adds Olympic Steel’s thermal processing services and metals to Ryerson’s existing offerings.

As part of the transaction, Michael D. Siegal, executive chairman of Olympic Steel’s Board of Directors, will be appointed chairman of the Board of Directors (“Board”) of the combined company and Olympic Steel will also appoint three other directors to the combined 11-member Board. Eddie Lehner, president and chief executive officer (“CEO”) of Ryerson, will serve as CEO of the combined company, with Richard T. Marabito, CEO of Olympic Steel, serving as president and chief operating officer.

Eddie Lehner said, “This merger represents an immensely attractive and unique opportunity for Ryerson and Olympic Steel as it combines our two organizations, which couldn’t be more complementary and synergistic around the products, services, footprint, and customer experience…The combination of our organizations will further scale the digital investments that Ryerson has made to bring Olympic Steel’s capabilities and formidable expertise into a larger network and provide our customers with greater network density, faster lead times, and a wider array of custom solutions from pick-pack-and-ship to finished parts…I look forward to working with Rick and the entire Olympic Steel organization with shared mission, passion, and purpose to unite our teams in reaching our vast potential together.”

“We are very excited about the combination of Ryerson and Olympic Steel and the trajectory of the business going forward,” added Steve Larson, chairman of Ryerson’s Board. “We look forward to welcoming Michael and the additional Olympic directors to the already strong Ryerson board. They bring a wealth of experience and perspective.”

Michael Siegal added, “This is a significant milestone for the business my father and uncle started more than 70 years ago. We went from private to public in 1994, and now we enthusiastically take this next step to accelerate Olympic Steel’s continued growth.”

Press release is available in its original form here.

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