Reliance Steel & Aluminum Co. Agrees to Acquire American Alloy Steel, Inc.
02/14/24, 11:52 AM
Location
scottsdalehoustonIndustry
mining
oil and gas
Reliance Steel & Aluminum Co. has agreed to acquire all of the outstanding equity interests and related real estate assets of American Alloy Steel, Inc. This strategic acquisition will increase Reliance’s value-added processing capabilities in the areas of burning, cutting, rolling, and beveling, and expand its product offerings. The transaction is subject to regulatory approval and is expected to close within the next 60 days.
Company Info
Location
Scottsdale, Arizona, United States
Company info
Reliance Steel & Aluminum Co. is a leading global diversified metal solutions provider and the largest metals service center company in North America. It was founded in 1939 and operates through a network of more than 315 locations in 40 states and 12 countries outside of the United States. Reliance focuses on small orders with quick turnaround and value-added processing services. In 2022, Reliance’s average order size was $3,670, approximately 50% of orders included value-added processing and approximately 40% of orders were delivered within 24 hours.