Feralloy Corp. plans to locate a $17.5 million steel processing facility on Nucor Steel Gallatin's campus near Ghent, Kentucky, creating 30 jobs. The 60,000-square-foot plant will cut and level steel coils into sheets, with operations starting in October 2020.
Reliance Steel & Aluminum Co. has agreed to purchase all outstanding capital stock of Fry Steel Company, a general line and long bar distributor in Santa Fe Springs, California. The transaction is expected to close in early 2020; terms were not disclosed.
Reliance Steel & Aluminum Co. has acquired all membership interests of All Metals Holding, LLC, including its subsidiaries AMPL and AMTL. All Metals had combined net sales of approximately $26 million in 2017.
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.
Reliance Steel & Aluminum Co. acquired all equity interests of KMS Fab, LLC and KMS South, Inc., precision sheet metal fabricators in Pennsylvania and South Carolina. Terms were not disclosed.
Reliance Steel & Aluminum Co. acquired all capital stock of DuBose National Energy Services, Inc. and DuBose National Energy Fasteners & Machined Parts, Inc., effective March 1, 2018. The companies specialize in metal products for the nuclear industry.
Reliance Steel & Aluminum Co. acquired all common stock of Ferguson Perforating Company through its subsidiary Diamond Manufacturing Company, effective October 2, 2017.
Reliance Steel & Aluminum Co. announced a definitive merger agreement to acquire all shares of Metals USA Holdings Corp. for $20.65 per share in cash, representing an enterprise value of approximately $1.2 billion. The transaction is expected to close in Q2 2013.