The metals industry has bounced back from its lows five years ago. Prices have jumped, boosting bottom lines and fueling a surge in M& A activity. The latest: Reliance Steel and Aluminum's $934 million purchase of Earle M. Jorgensen Company, which will take it to more than $5 billion in annual revenues. Here's how the new landscape in metals distribution is shaping up.
Consolidation in metals distribution has ramped up of late, with a few big players taking on major acquisitions. Chief among them was Reliance Steel and Aluminum with its $934 million purchase this month of Earle M. Jorgensen Company.
The number of metals service center locations in North America has been cut nearly in half ...
The metals industry has bounced back from its lows five years ago. Prices have jumped, boosting bottom lines and fueling a surge in M& A activity. The latest: Reliance Steel and Aluminum's $934 million purchase of Earle M. Jorgensen Company, which will take it to more than $5 billion in annual revenues. Here's how the new landscape in metals distribution is shaping up.
Consolidation in metals distribution has ramped up of late, with a few big players taking on major acquisitions. Chief among them was Reliance Steel and Aluminum with its $934 million purchase this month of Earle M. Jorgensen Company.
The number of metals service center locations in North America has been cut nearly in half ...
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