LOS ANGELES--(BUSINESS WIRE)--
Reliance Steel & Aluminum Co. (NYSE:RS) announced today that, through
its wholly-owned subsidiary Feralloy Corporation, it has reached an
agreement to purchase all of the outstanding capital stock of GH Metal
Solutions, Inc. (formerly known as Gas House, Inc.), a value added
processor and fabricator of carbon steel products located in Fort Payne,
Alabama. Founded in 1958, GH’s processing equipment includes flat-bed
lasers, tube lasers, torches, shears, automatic band saws, CNC press
brakes, coil-fed and hand-fed stampers, and robotic and manual welders.
For the year 2011, annual sales were approximately $44M. The transaction
is expected to be finalized within 30 days, subject to customary closing
conditions. Terms were not disclosed.
About Reliance Steel & Aluminum Co.
Reliance Steel & Aluminum Co., headquartered in Los Angeles, California,
is the largest metals service center company in North America. Through a
network of more than 220 locations in 38 states and Australia, Belgium,
Canada, China, Malaysia, Mexico, Singapore, South Korea, the U.A.E. and
the United Kingdom, the Company provides value-added metals processing
services and distributes a full line of over 100,000 metal products to
more than 125,000 customers in a broad range of industries.
Reliance Steel & Aluminum Co.’s press releases and additional
information are available on the Company’s web site at www.rsac.com.
The Company was named to the 2012 “Fortune500” List and
the 2012 Fortune List of “The World’s Most Admired
Companies.”
This release may contain forward-looking statements. Actual results and
events may differ materially as a result of a variety of factors, many
of which are outside of Reliance Steel & Aluminum Co.’s control. Risk
factors and additional information are included in Reliance Steel &
Aluminum Co.’s reports on file with the Securities and Exchange
Commission, including Reliance Steel & Aluminum Co.’s Annual Report on
Form 10-K for the year ended December 31, 2011 and Quarterly Reports on
Form 10-Q for the quarters ended March 31, 2012 and June 30, 2012.
Reliance Steel & Aluminum Co.
Brenda Miyamoto
Investor
Relations
213-576-2428
investor@rsac.com
or
Addo
Communications
310-829-5400
Source: Reliance Steel & Aluminum Co.