Reliance acquires Metals USA

Reliance Steel & Aluminum Co. completed the previously announced acquisition of the assets of a Metals USA Inc. business, Metals USA Specialty Metals Northwest Inc., after final approval of the US Bankruptcy Court, in connection with Metals USA’s bankruptcy filing. The assets were purchased for USD 30 million in cash. The assets of Metals USA Specialty Metals Northwest Inc. were acquired through a newly formed subsidiary. The business will operate as a wholly owned subsidiary of Reliance under its original name, Pacific Metal Co.

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