Friedman Industries, Incorporated has acquired Century Metals and Supplies, Inc. based in Miami, Florida.
The acquisition includes working capital, buildings, processing equipment, and real estate.
Century Metals generated average annual revenues of approximately $111.0 million over the past three fiscal years.
Geographic Expansion
The acquisition expands Friedman's presence in southeastern U.S. and Latin American markets.
Product Mix Diversification
Enhances Friedman's product portfolio with a variety of steel products and non-ferrous materials.
Strategic Move
The acquisition is expected to be immediately accretive and strengthens Friedman's competitive position.
- The acquisition enhances Friedman's core hot-rolled steel business and adds coil slitting capabilities.
- It provides strategic access to growing markets and strengthens the company's position in the residential and corrosion-resistant sectors.
The acquisition of Century Metals marks a significant step in Friedman Industries' strategic expansion, positioning the company for long-term growth and competitiveness in the steel industry.