RS - Reliance Steel & Aluminum Co. Acquires Cooksey Iron & Metal Co. Inc. | Benzinga
SCOTTSDALE, Ariz., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced that it has acquired all the outstanding equity interests of Cooksey Iron & Metal Co., Inc. ("Cooksey"), a metals service center that processes and distributes finished steel products, including tubing, beams, plates and bars. Headquartered in Tifton, Georgia and founded in 1917, Cooksey operates three locations, servicing a diverse range of customers including trailer manufacturers, metal building fabricators, agricultural equipment manufacturers, structural fabricators, machine shops and others in Georgia, Florida, Alabama and South Carolina. Cooksey will operate as a subsidiary of Metals USA, a wholly owned subsidiary of Reliance. The current management team will remain in place. For the twelve months ended December 31, 2023, annual net sales for Cooksey were approximately $90 million. The terms of the transaction were not disclosed.
"We are very excited to welcome Cooksey to the Reliance family," commented Karla Lewis, President and Chief Executive Officer of Reliance. "The ...