Friedman Industries, Incorporated announced the acquisition of Century Metals and Supplies, Inc., a company based in Miami, Florida. The acquisition includes Century Metals' working capital, buildings, processing and other equipment, and related real estate. This strategic move aims to expand Friedman's operational footprint.
The acquisition provides Friedman Industries with geographic expansion into the southeastern U.S. and Latin American markets. This broadens the company's customer base and distribution network in key regions.
Furthermore, the integration of Century Metals is expected to improve the diversification of Friedman Industries' product mix and add new processing capabilities. This enhances the company's ability to serve a wider range of customer needs and strengthens its competitive position.
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