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Reliant Steel & Aluminum to Buy GA Service Centers

Reliant Steel & Aluminum to Buy GA Service Centers

Thursday, December 21, 2006
 
Reliant Steel & Aluminum Co., Los Angeles, CA, has reached an agreement to acquire Industrial Metals and Surplus, Inc., a metals service center headquartered in Atlanta, GA, and a related company, Athens Steel, Inc. of Athens, GA. Industrial processes and distributes carbon-steel structurals, flat-rolled and ornamental iron products, and had FY 2005 net sales of $72 million. Management teams at Industrial and Athens are expected to remain in place. Reliance Steel & Aluminum, a metals service center supplying processed ferrous and nonferrous materials, maintains a network of more than 160 locations in 37 states as well as Belgium, Canada, China and South Korea. For more, visit www.rsac.com.

 

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