Acquiring Company
Reliance
PhoenixManufacturingMiningPrecious MetalsMineralDescription
Reliance Steel & Aluminum Co. (NYSE:RS) announced that it has acquired all the outstanding equity interests of Southern Steel Supply, LLC (“Southern Steel”), a metals service center that offers merchant and structural steel, pipe and tube, steel plate, ornamental products and laser cut and fabricated parts. Founded in 1961 and located in Memphis, Tennessee, Southern Steel supplies customers throughout Tennessee, Mississippi, Arkansas, Alabama, and Missouri. Southern Steel will operate as a subsidiary of Siskin Steel & Supply Company, Inc. (“Siskin”), a wholly owned subsidiary of Reliance. Siskin also acquired the related real estate assets of Southern Steel. The current management team will remain in place. For the twelve months ended December 31, 2022, annual net sales for Southern Steel were $62.9 million. The terms of the transaction were not disclosed.
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Who to call at Reliance, and when
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