RS - Mergers and acquisitions

SCOTTSDALE, Ariz., April 02, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced that it has acquired all the outstanding equity interests of Mid-West Materials, Inc. ("MidWest Materials"), a premier flat-rolled steel service center primarily servicing North American OEMs. Headquartered in Perry, OH and founded in 1952, MidWest Materials provides a wide breadth of steel products including hot-rolled, high strength hot-rolled, coated, and cold-rolled products that are sold into the trailer manufacturing, agriculture, metal fabrication, and building products markets. The current management team will remain in place. For the twelve months ended December 31, 2023, annual net sales for

SCOTTSDALE, Ariz., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced that it has acquired all the outstanding equity interests of Cooksey Iron & Metal Co., Inc. ("Cooksey"), a metals service center that processes and distributes finished steel products, including tubing, beams, plates and bars. Headquartered in Tifton, Georgia and founded in 1917, Cooksey operates three locations, servicing a diverse range of customers including trailer manufacturers, metal building fabricators, agricultural equipment manufacturers, structural fabricators, machine shops and others in Georgia, Florida, Alabama and South Carolina. Cooksey will operate as a subsidiary of Meta

SCOTTSDALE, Ariz., May 01, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced that it has acquired all the outstanding equity interests of Southern Steel Supply, LLC ("Southern Steel"), a metals service center that offers merchant and structural steel, pipe and tube, steel plate, ornamental products and laser cut and fabricated parts. Founded in 1961 and located in Memphis, Tennessee, Southern Steel supplies customers throughout Tennessee, Mississippi, Arkansas, Alabama, and Missouri. Southern Steel will operate as a subsidiary of Siskin Steel & Supply Company, Inc. ("Siskin"), a wholly owned subsidiary of Reliance. Siskin also acquired the related real estate asset

LOS ANGELES, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced that it has acquired Rotax Metals, Inc. ("Rotax"), a metals service center specializing in copper, bronze and brass alloys. Founded in 1947 and located in Brooklyn, New York, Rotax services a diverse customer base including distributors, manufacturers and the commercial and residential construction markets, emphasizing local customer relationships and next-day delivery. For the twelve months ended July 31, 2021, annual net sales for Rotax were approximately $14 million. The terms of the transaction were not disclosed. Rotax will operate as a subsidiary of Yarde Metals, Inc., a wholly owned subs

LOS ANGELES, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced that it has acquired Admiral Metals Servicecenter Company, Inc. ("Admiral Metals"), a leading distributor of non-ferrous metal products in the Northeastern United States. Founded in 1950 and headquartered in Woburn, Massachusetts, Admiral Metals serves a wide variety of end markets including the semiconductor, automotive, medical, infrastructure, aerospace and industrial markets through its eight strategically located service center locations which provide next-day delivery of in-stock items. Admiral Metals' broad product offering of approximately 3,000 SKUs includes aluminum, brass, bronze, co

LOS ANGELES, Dec. 13, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced that it has acquired Nu-Tech Precision Metals Inc. ("Nu-Tech"), a custom manufacturer of specialty extruded metals, fabricated parts and welded components. Founded in 1985 and headquartered in Arnprior, near Ottawa, Ontario, Nu-Tech serves a wide variety of markets across North America, including the nuclear, aerospace and military markets, among others. Nu-Tech's broad product offering includes tube, pipe, engineered shapes and round and flat bar from pure metals and alloys of titanium, zirconium, copper, nickel, hafnium, niobium and steel. Nu-Tech's annual net sales in 2020 were approximately

NEW YORK, Aug. 4, 2021 /PRNewswire/ -- One Equity Partners ("OEP"), a middle market private equity firm, today announced that it has entered a definitive agreement to sell Merfish United (the "Company"), a leading master distributor of tubular building products in the United States, to Reliance Steel & Aluminum Co. (NYSE:RS), a diversified metal solutions provider and the largest metals service center operator in North America. Headquartered in Ipswich, Mass., Merfish United is a master distributor of carbon steel pipes, copper tubing, plastic pipe, electrical conduit and related products that are distributed to its independent wholesale distributor customers across a variety of end markets.