Reliance Steel & Aluminum acquires remaining 40% of Acero Prime from U.S. Steel

Reliance Steel & Aluminum Co. has acquired the remaining 40% ownership interest in Acero Prime, a toll processor in Mexico, from its joint venture partner U.S. Steel, gaining full ownership of four locations including the Monterrey facility.

“Acquiring the remaining ownership interest in Acero Prime supports our capital allocation strategy of investing in high return opportunities that enhance our long-term earnings potential.”investor.reliance.com

• 1 source
• investor.reliance.comReliance Steel & Aluminum Co. Acquires Remaining Ownership Interest of Acero Prime, S. de R.L. de C.V. From Joint Venture Partner - Reliance, Inc. (RS)Oct 24, 2018

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