2023-05-01 07:23:29 ET
- Reliance Steel & Aluminum ( NYSE: RS ) has acquired all the outstanding equity interests of Southern Steel Supply, a metals service center in Tennessee.
- Southern Steel will operate as a subsidiary of Siskin Steel & Supply Company, a wholly owned subsidiary of Reliance.
- Siskin also acquired the related real estate assets of Southern Steel.
- For the twelve months ended December 31, 2022, annual net sales for Southern Steel were $62.9M.
- The terms of the transaction were not disclosed.
For further details see:
Reliance Steel & Aluminum acquires Southern Steel Supply in Tennessee