Home » Reliance Steel & Aluminum to Buy Industrial Metals and Surplus
Reliance Steel & Aluminum to Buy Industrial Metals and Surplus
December 6, 2006
Reliance Steel & Aluminum Co., Los Angeles, CA, has agreed to buy Industrial Metals and Surplus, Inc., a metals service center headquartered in Atlanta, GA, and a related company, Athens Steel, Inc. Athens, GA.
Industrial Metals was founded in 1978 and specializes in the processing and distribution of carbon steel structurals, flat-rolled and ornamental iron products. Industrial Metals id=bwanpa0>' net sales for the 2005 fiscal year were $72 million.
Reliance Steel & Aluminum Co. is a group of metals service center companies in the U.S. Through a network of more than 160 locations in 37 states and Belgium, Canada, China and South Korea, the company provides value-added metals processing services and distributes more than 90,000 metal products. These products include galvanized, hot-rolled and cold-finished steel; stainless steel; aluminum; brass; copper; titanium and alloy steel sold to more than 95,000 customers in various industries.