# 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.

- Type: Acquisition
- Announced: 2018-10-24
- Where: Mexico (four locations including Monterrey), Mexico
- Status: completed
- Products: metal processing services: slitting, multi-blanking, oxy-fuel cutting
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [United States Steel Corporation](https://endata.com/companies/15282.md) (partner)
- [Reliance Steel & Aluminum Co.](https://endata.com/companies/19763.md) (acquirer)
- [Acero Prime](https://endata.com/companies/35098.md) (target)

## Sources

- [investor.reliance.com](https://investor.reliance.com/news-events/press-releases/detail/206/reliance-steel-aluminum-co-acquires-remaining-ownership-interest-of-acero-prime-s-de-r-l-de-c-v-from-joint-venture-partner), 2018-10-24: "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."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.