Ryerson Holding Corporation announced its acquisition of Ford Tool Steels (FTS), a tool steel processor based out of St. Louis, Missouri.
FTS has been in business for over 75 years, serving customers across the Midwest United States with tool steel and alloys, as well as cut-to-length sawing, plate sawing, and grinding and milling services. FTS’s sawing and machining capabilities are aligned with those of Southern Tool Steel, a member of the Ryerson Family of Companies acquired in 2015. This strategic acquisition presents an opportunity to recognize synergies between the two brands as Ryerson expands its tool steel franchise.
