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April 10, 2006
Metals Distribution Consolidates
Reliance and newcomer Esmark drive M&A activity
By Lindsay Young
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.
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