Reliance Buys Rest of American Steel

January 2006
Metal Center News;Jan2006, Vol. 46 Issue 1, p15
Trade Publication
The article reports that Reliance Steel & Aluminum Co., of Los Angeles, California, has bought the major shares of its subsidiary American Steel LLC, from American Industries Inc. on January 3, 2006. Since the foundation of Reliance, the company had an interest in the membership units of American Steel, operating metals service centers in Portland, Oregon, and Kent, Washington. The primary goal of American Steel is to process and distribute carbon steel products. The operating control over the assets and operations of American Steel has been retained by Reliance, while American Industries owned the other 50 percent interest. The net sales of American Steel were approximately $107 million.


Related Articles

  • RELIANCE SECURES MAJORITY OF AMERICAN STEEL LLC.  // Metal Center News;Jul2002, Vol. 42 Issue 8, p14 

    Reports the acquisition of membership units of the American Steel LLC by the Reliance Steel & Aluminum Co. Operation of the service centers in Washington; Modification of the provisions of the partnership; Move of American Steel to improve bank credit facility.

  • Crest Steel Joins Reliance Chain.  // Metal Center News;Dec2006, Vol. 46 Issue 13, p17 

    The article informs that Carson, California-based Crest Steel Corp. has been acquired by Los Angeles, California-based Reliance Steel & Aluminum Co. The deal will be finalized in early 2007. Crest, with facilities in Riverside, California and Phoenix, Arizona, specializes in the processing and...

  • BRIEFS.  // Metal Center News;Oct2008, Vol. 48 Issue 11, p13 

    The article offers news briefs related service industries in the U.S. The Reliance Steel & Aluminum Co. has invested $6 million for the construction of its modern facility in Virginia. Edgen Murray Corp. files an initial public offering (IPO) with the Securities Exchange Commission (SEC) to help...

  • SERVICE CENTER TOP 50.  // Metal Center News;Sep2007, Vol. 47 Issue 10, p22 

    The article presents a corporate profile of the "Metal Center News" Top 50 Service Centers 2006 Survey. Chicago, Illinois-based Ryerson Inc. obtained a 2006 revenue of $5.9 billion. Reliance Steel & Aluminum Co. provides carbon/alloys, stainless, aluminum flat-roll, bar/rod/wire, and pipe/tube...

  • Acquisitions are the key to Reliance's growth. Lamb, Michele R. // Metal Center News;Jan98, Vol. 38 Issue 1, p40 

    Reports on Reliance Steel & Aluminum Co.'s strategic plans. Includes expansion of current subsidiaries and divisions; Role of acquisitions on the company's growth; Concern that the company is growing too large and too fast for its good; Information technology upgrading. INSET: Reliance's foray...

  • Steel and aluminum firm buys acreage for new Salt Lake... Rattle, Barbara // Enterprise/Salt Lake City;10/30/95, Vol. 25 Issue 18, p1 

    Reports that Reliance Steel and Aluminum Company (NYSE) plans to build a larger facility for Affiliated Metals, a Salt Lake company they bought in 1994. Location; When construction begins; Cost; Comment on business conditions from David Hannah, executive vice president and chief financial...

  • Reliance continues down acquisitions trail.  // Metal Center News;Dec97, Vol. 37 Issue 13, p12 

    Reports on Reliance Steel & Aluminum Co.'s acquisitions programs in the United States. Agreement to acquire all of Phoenix Metals Co.'s outstanding capital stock; Purchase of Service Steel Aerospace Corp.; Filing of S-3 registration statement for 3.3 million common stock shares offer; Use of...

  • Literature.  // Metal Center News;Dec97, Vol. 37 Issue 13, p20 

    Presents the brochure published by the Affiliated Metals Division of Reliance Steel & Aluminum Co. Methods of processing aluminum; Stainless steel; Ampco metals.

  • Reliance Acquisition of EMJ Completed.  // Metal Center News;Apr2006, Vol. 46 Issue 4, p60 

    The article reports that Reliance Steel & Aluminum Co. has completed its acquisition of the Earle M. Jorgensen (EMJ) Co. The shareholders of EMJ voted towards accepting the offer by Reliance. EMJ will function as a wholly owned subsidiary of Reliance. David H. Hannah, CEO of Reliance, said that...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics