Friedman Industries expands with acquisition of Century Metals, Supplies

Friedman Industries (FRD) announced that it has acquired Century Metals and Supplies based in Miami, Florida. The acquisition includes working capital, buildings, processing and other equipment, and the related real estate. In addition to the owned facilities in Miami, the transaction also includes leased distribution and warehouse facilities in Orlando, Florida and Tampa, Florida. The operations will continue as Century Metals and Supplies LLC, a wholly owned subsidiary of Friedman. The all-cash purchase is expected to be immediately accretive. The acquisition of Century Metals expands Friedman’s presence in the southeastern U.S. and Latin American markets, enhances our core hot-rolled steel business, adds coil slitting capabilities, and broadens our product portfolio to include cold-rolled, coated, and stainless steels, as well as non-ferrous materials such as aluminum, copper, and brass