08:48 AM EDT, 09/02/2025 (MT Newswires) -- Friedman Industries ( FRD ) said Tuesday it has acquired Century Metals and Supplies, a Miami-based steel products company, in an all-cash deal.

Financial terms were not disclosed.

The company said the acquisition includes working capital, equipment, buildings, and related real estate, and the business will continue to operate as a wholly owned subsidiary.

Friedman said the purchase is expected to add to earnings immediately.

Century Metals generated average annual revenue of about $111 million over the past three fiscal years, according to Friedman.