Reliance Acquires 2 Fellow Metals Service Centers - Modern Distribution Management

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Reliance Acquires 2 Fellow Metals Service Centers

Adding American Alloy Steel and MidWest Materials nets Reliance nearly $400 million in annual revenues.

Diversified metal solutions provider and service center Reilance Inc. (Scottsdale, AZ) announced a pair of acquisitions in early April that netted the company nearly $400 million in added annual revenue.

In Houston, Reliance acquired American Alloy Steel, a distributor of specialty carbon and alloy steel plate and round bar, including pressure vessel quality (PVQ) material. It boosts Reliance’s processing and fabrication capabilities and expands its specialty carbon steel plate product portfolio.

Reliance noted that American Alloy had 2023 annual sales of about $310 million.

In Perry, OH, Reliance acquired Mid-West Materials, Inc. (MidWest Materials), a flat-rolled steel service center primarily servicing North American OEMs. Founded in 1952, MidWest provides a variety of steel products that include hot-rolled, high strength hot-rolled, coated and cold-rolled products that are sold into markets of trailer manufacturing, agriculture, metal fabrication and building products.

Reliance noted that MidWest had 2023 annual sales of about $87 million.

Reliance said the current management teams for American Alloy and MidWest will remain in place.

Terms were not disclosed for either transaction.

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