Chicago US headquartered leading processor & distributor of industrial metals Ryerson Holding Corporation has announced its acquisition of Ford Tool Steels, a tool steel processor based out of St Louis in Missouri. Ford Tool Steels 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. Ford Tool Steels'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.Ryerson is a leading value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China. Founded in 1842, Ryerson has around 4,000 employees in approximately 100 locations.