November 4, 2008
Ranger Steel Celebrates Fiftieth Anniversary
Ranger Steel, the largest independent steel plate distributor in the United States, marks its fiftieth anniversary this week by reaching yet another milestone - five decades of continuous profitability. Founded in 1958 by Roy Whitley, Ranger remains family owned and operated with facilities in Houston, New Orleans, Tulsa and the Los Angeles Basin.
"Running a successful company is very important to me," said Ranger Steel President Ron Whitley. "We created a niche in the supply chain by stocking and selling only one product - steel plate - a concept that had been tried on a limited basis. Ranger took this on with tremendous success, and it's the stepping stone to what we are today.
Ranger Steel Milestones 1958 - Ranger is founded by Roy Whitley 1971 - Ron Whitley joins the company 1982 - Shifts focus to selling only steel plate 1984 - Ron Whitley is appointed president 1994 - A-514 and A-516 steel grades added to product line 1995 - Sales reach $100 million or 215,000 tons 1996 - Achieves record sales of $120 million or 251,000 tons Moves to 23-acre steel yard at Port of Houston Outsources all steel handling 2000 - Changes focus to domestic supplies from imports 2003 - Opens New Orleans location Establishes international division 2004 - Revenues reach $185 million on 217,000 tons 2006 - Tulsa distribution center opens Ships 314,000 tons with revenue of $269 million 2007 - Opens Southern California facility Realizes sales of $328 million or 384,000 tons
In the third year of its strategic five-year expansion plan, Ranger Steel has achieved 20-30% growth annually since 2003 and is on target to reach its goal of $500 million in revenue and 400,000 tons of steel plate in 2008.
About Ranger Steel
Founded in 1958, Houston-based Ranger Steel is the largest privately owned steel plate distributor in the United States. Ranger's strategically located distribution centers at the Port of Houston, New Orleans and Tulsa, Oklahoma, serve a wide variety of industries, including ship building, energy, transportation, vessel and heat exchanger, heavy plate fabrication, commercial and industrial construction, and storage tanks. Visit Ranger at www.rangersteel.com.