Reliance Steel & Aluminum Co. (NYSE: RS), Los Angeles, CA, through its newly-formed subsidiary Bralco Metals (Australia) Pty Ltd, has acquired Airport Metals (Australia) Pty Ltd, a subsidiary of Samuel Son & Co., Limited. Airport Metals (Australia), based in Melbourne, operates as a stocking distributor of aircraft materials and supplies.
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Terms were not disclosed.
"This strategic asset purchase will allow our existing Bralco Metals business to have a physical presence in the Australian market where they currently service aircraft and other key customers from our U.S. operations," Reliance CEO David H. Hannah said. "This is our first entry into Australia and we are excited to leverage the strong reputation that Airport Metals has built in this area."
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