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Reliance Steel & Aluminum to Buy Yarde Metals

Reliance Steel & Aluminum Co., Los Angeles, CA, has agreed to acquire Yarde Metals Inc., a metals service center based in Southington, CT. Yarde had sales of $385 million in the fiscal year ended June 30, 2006.

Yarde was founded in 1976 and specializes in the processing and distribution of stainless steel and aluminum plate, rod and bar products. Yarde has additional metals service centers in Pelham, NH; East Hanover, NJ; Hauppauge, NY; High Point, NC; Streetsboro, OH; and Limerick, PA and a sales office in Ft. Lauderdale, FL. 

Reliance CEO David H. Hannah, said, “The Yarde acquisition adds significantly to our geographic network in the Northeastern United States and also expands our customer base and product offerings.”

Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is a metals service center in the U.S. Through a network of more than 150 locations in 37 states and Belgium, Canada, China and South Korea, the company provides value-added metals processing services and distributes a full line of over 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.

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