# Reliance, Inc. agrees to acquire tolling assets from FerrouSouth

Reliance, Inc. reached an agreement to purchase certain assets of the FerrouSouth division of Ferragon Corporation, a toll processing operation in Iuka, Mississippi. The transaction is expected to close within 30 days.

- Type: Acquisition
- Announced: 2024-07-15
- Where: Iuka, Mississippi, United States
- Status: announced
- Products: flat-rolled steel processing, toll processing services
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Reliance](https://endata.com/companies/14085.md) (acquirer)
- [FerrouSouth](https://endata.com/companies/78609.md) (target)
- [Ferragon Corporation](https://endata.com/companies/78610.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2024/07/15/2912915/0/en/reliance-inc-agrees-to-acquire-tolling-assets-from-ferrousouth.html), 2024-07-15: "The addition of FerrouSouth’s tolling operations helps expand our toll processing capabilities and provides additional capacity to Feralloy through its existing operations in the Southeastern United States."

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