Friedman Industries, Incorporated Expands with the Acquisition of Century Metals and Supplies, Inc.
Friedman Industries (NASDAQ:FRD) has announced the acquisition of Century Metals and Supplies, Inc. in an all-cash transaction. Century Metals, based in Miami, Florida, has generated average annual revenues of $111.0 million over the past three fiscal years.
The acquisition includes working capital, buildings, processing equipment, real estate, and leased facilities in Orlando and Tampa. Century Metals will continue operating as a wholly-owned subsidiary of Friedman, with its current management team remaining in place.
This strategic move expands Friedman's presence in the southeastern U.S. and Latin American markets, while adding new capabilities including coil slitting and broadening their product portfolio to include cold-rolled, coated, and stainless steels, as well as non-ferrous materials. The transaction is expected to be immediately accretive.
Friedman Industries (NASDAQ:FRD) ha annunciato l'acquisizione di Century Metals and Supplies, Inc. in un'operazione interamente in contanti. Century Metals, con sede a Miami, Florida, ha registrato ricavi medi annui di $111.0 million negli ultimi tre esercizi.
L'acquisizione comprende capitale circolante, edifici, impianti di lavorazione, immobili e strutture in locazione a Orlando e Tampa. Century Metals opererà come filiale interamente controllata di Friedman, mantenendo l'attuale team di gestione.
Questa mossa strategica amplia la presenza di Friedman nel sud-est degli Stati Uniti e nei mercati latinoamericani, aggiungendo nuove capacità come il taglio in bobina e ampliando il portafoglio prodotti con acciai laminati a freddo, rivestiti e inox, oltre ai materiali non ferrosi. L'operazione è prevista come immediatamente accretiva.
Friedman Industries (NASDAQ:FRD) ha anunciado la adquisición de Century Metals and Supplies, Inc. en una transacción totalmente en efectivo. Century Metals, con sede en Miami, Florida, ha generado ingresos anuales promedio de $111.0 million durante los últimos tres ejercicios fiscales.
La adquisición incluye capital de trabajo, edificios, equipos de procesamiento, bienes raíces e instalaciones arrendadas en Orlando y Tampa. Century Metals seguirá operando como filial de propiedad total de Friedman, con su equipo directivo actual permaneciendo en su puesto.
Esta medida estratégica expande la presencia de Friedman en el sureste de EE. UU. y en los mercados latinoamericanos, incorporando nuevas capacidades como el corte de bobinas y ampliando su cartera de productos para incluir aceros laminados en frío, recubiertos y inox, así como materiales no ferrosos. Se espera que la transacción sea inmediatamente acrecentadora.
Friedman Industries (NASDAQ:FRD)가 전액 현금 거래로 Century Metals and Supplies, Inc.를 인수했다고 발표했습니다. 플로리다 마이애미에 본사를 둔 Century Metals는 지난 3개 회계연도 평균 연간 매출이 $111.0 million입니다.
이번 인수에는 운전자본, 건물, 가공 장비, 부동산 및 올랜도와 탬파의 임대 시설이 포함됩니다. Century Metals는 현재 경영진을 유지한 채 Friedman의 완전 자회사로 계속 운영됩니다.
이 전략적 조치는 Friedman의 미국 남동부 및 라틴 아메리카 시장에서의 입지를 확장하고 코일 슬리팅 등 새로운 역량을 추가하며 냉간압연강, 코팅강, 스테인리스강 및 비철금属을 포함한 제품 포트폴리오를 넓힙니다. 이 거래는 즉각적인 수익성 개선으로 예상됩니다.
Friedman Industries (NASDAQ:FRD) a annoncé l'acquisition de Century Metals and Supplies, Inc. dans le cadre d'une transaction entièrement en numéraire. Century Metals, basée à Miami, Floride, a généré des revenus annuels moyens de $111.0 million au cours des trois derniers exercices.
L'acquisition comprend le fonds de roulement, les bâtiments, les équipements de transformation, l'immobilier et des installations louées à Orlando et Tampa. Century Metals continuera d'opérer comme une filiale en propriété exclusive de Friedman, avec son équipe de direction actuelle en place.
Cette démarche stratégique renforce la présence de Friedman dans le sud-est des États-Unis et sur les marchés d'Amérique latine, tout en ajoutant de nouvelles compétences comme le découpage de bobines et en élargissant leur gamme de produits pour inclure des aciers laminés à froid, revêtus et inox ainsi que des matériaux non ferreux. La transaction devrait être immédiatement accréditive.
Friedman Industries (NASDAQ:FRD) hat die Übernahme von Century Metals and Supplies, Inc. in einem reinen Bargeschäft bekannt gegeben. Century Metals mit Sitz in Miami, Florida, erzielte in den letzten drei Geschäftsjahren durchschnittliche Jahresumsätze von $111.0 million.
Die Übernahme umfasst das Umlaufvermögen, Gebäude, Verarbeitungsausrüstung, Immobilien und gemietete Einrichtungen in Orlando und Tampa. Century Metals wird weiterhin als hundertprozentige Tochtergesellschaft von Friedman betrieben, wobei das aktuelle Management an Bord bleibt.
Dieser strategische Schritt erweitert Friedmans Präsenz im Südosten der USA und auf den Märkten Lateinamerikas, fügt neue Fähigkeiten wie Coil-Slitting hinzu und erweitert das Produktportfolio um kaltgewalzte, beschichtete und Edelstahlprodukte sowie Nichteisenmetalle. Die Transaktion wird voraussichtlich sofort ertragssteigernd sein.
- Immediate accretive impact on financials
- Addition of $111.0 million in average annual revenue
- Geographic expansion into southeastern U.S. and Latin American markets
- Enhanced product portfolio including cold-rolled, coated, stainless steels, and non-ferrous materials
- Acquisition of physical assets including buildings, equipment, and real estate
- Retention of experienced management team
- Access to growing residential and corrosion-resistant markets
- Increased operational complexity from managing multiple facilities
- Integration risks with existing operations
- Additional lease obligations from Orlando and Tampa facilities
Insights
Friedman's acquisition of Century Metals expands geographic reach, diversifies product mix, and should be immediately accretive with $111M revenue addition.
Friedman Industries' all-cash acquisition of Century Metals represents a significant strategic expansion that should immediately strengthen Friedman's market position and financial performance. The deal brings approximately
This acquisition delivers three critical strategic benefits: geographic diversification, product line expansion, and enhanced processing capabilities. By adding Century's Miami headquarters and Florida distribution centers in Orlando and Tampa, Friedman gains valuable access to growing markets and establishes a platform for Latin American business development - a region with increasing steel consumption rates.
From a product perspective, Friedman moves beyond its core hot-rolled steel business to include cold-rolled, coated, and stainless steels, plus non-ferrous metals like aluminum, copper, and brass. This broader portfolio reduces cyclical risk and positions the company to serve more diverse customer segments, particularly in residential construction and corrosion-resistant applications where premium materials command higher margins.
The addition of coil slitting capabilities is particularly valuable as it allows Friedman to offer more value-added services while capturing additional margin. The transaction structure - maintaining Century's brand identity and existing management team - should facilitate integration while preserving customer relationships established over Century's 37-year history.
With Friedman's statement that the deal will be immediately accretive, shareholders should benefit from increased earnings without dilution, though the exact purchase price wasn't disclosed. This geographic and product expansion significantly strengthens Friedman's competitive position in the steel service center industry.
- Geographic expansion into southeastern U.S. and Latin American markets
- Improved diversification of product mix
- Additional processing capabilities
LONGVIEW, Texas, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Friedman Industries, Incorporated (“Friedman”) (NASDAQ/GS: FRD) announced today that it has acquired Century Metals and Supplies, Inc. (“Century Metals”) 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. Over the past three fiscal years, Century Metals has generated average annual revenues of approximately
Michael Taylor, President and Chief Executive Officer of Friedman commented, “I am delighted to welcome Century Metals into the Friedman family. The acquisition is a strategic move that broadens our reach into new regions and enhances our product offerings. Century Metals has a strong track record and a respected brand, led by a seasoned management team that will continue to operate the business as a subsidiary. Together, we will build a more robust and competitive organization, combining the strengths of both companies to ensure long-term success.”
Misael Rosario, President of Century Metals added, “We are proud of our accomplishments over the past 37 years. Joining with Friedman brings exciting new possibilities for our employees, customers, and suppliers. We are confident that this collaboration will drive continued growth and innovation.”
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. Additionally, this acquisition provides Friedman with strategic access to the growing residential and corrosion-resistant markets.
Montrose Advisors served as financial advisor and Norton Rose Fulbright served as legal advisor to Friedman Industries for this transaction.
ABOUT FRIEDMAN INDUSTRIES
Friedman Industries, Incorporated (“Company”), headquartered in Longview, Texas, is a manufacturer and processor of steel products with operating plants in Hickman, Arkansas; Decatur, Alabama; East Chicago, Indiana; Granite City, Illinois; Sinton, Texas; Miami, Florida and Lone Star, Texas. The Company has two reportable segments: flat-roll products and tubular products. The flat-roll product segment consists of the operations in Hickman, Decatur, East Chicago, Granite City, Sinton and Miami where the Company processes ferrous and non-ferrous coils. The Hickman, East Chicago and Granite City facilities operate temper mills and corrective leveling cut-to-length lines. The Sinton and Decatur facilities operate stretcher leveler cut-to-length lines. The Miami facility operates a corrective leveling cut-to-length line and a slitting line. The tubular product segment consists of the operations in Lone Star where the Company manufactures electric resistance welded pipe and distributes pipe through its Texas Tubular Products division.
For more information, visit www.friedmanindustries.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, and such statements involve risk and uncertainty. Forward-looking statements include those preceded by, followed by or including the words “will,” “expect,” “intended,” “anticipated,” “believe,” “project,” “forecast,” “propose,” “plan,” “estimate,” “enable,” and similar expressions, including, for example, statements about our business strategy, our industry, our future profitability, growth in the industry sectors we serve, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions, future production capacity and product quality. These forward-looking statements may include, but are not limited to, statements about sales volumes, margins, hedging results, and potential price increases, expectations as to financial results during the Company’s upcoming fiscal quarters, future changes in the Company’s financial condition or results of operations, future production capacity, product quality and proposed expansion plans. Forward-looking statements may be made by management orally or in writing including, but not limited to, this news release.
Forward-looking statements are not guarantees of future performance. These statements are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Although forward-looking statements reflect our current beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements.
Actual results and trends in the future may differ materially depending on a variety of factors including, but not limited to, changes in the demand for and prices of the Company’s products, changes in government policy regarding steel, changes in the demand for steel and steel products in general and the Company’s success in executing its internal operating plans, changes in and availability of raw materials, our ability to satisfy our take or pay obligations under certain supply agreements, unplanned shutdowns of our production facilities due to equipment failures or other issues, increased competition from alternative materials and risks concerning innovation, new technologies, products and increasing customer requirements. Accordingly, undue reliance should not be placed on our forward-looking statements. Such risks and uncertainty are also addressed in our Management’s Discussion and Analysis of Financial Condition and Results of Operations and other sections of the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including the Company’s Annual Report on Form 10-K and its other Quarterly Reports on Form 10-Q. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except to the extent law requires.
CONTACT:
Mr. Alex LaRue
Chief Financial Officer, Secretary and Treasurer
(903)758-3431
FAQ
What is the expected annual revenue contribution from Friedman Industries' acquisition of Century Metals?
What new markets will Friedman Industries (FRD) gain access to through the Century Metals acquisition?
What new product capabilities does Friedman Industries gain from the Century Metals acquisition?
What facilities are included in Friedman Industries' acquisition of Century Metals?
Will Century Metals maintain its current management team after the Friedman Industries acquisition?
