TITLE

Lewis: Service Center M&A Soon to Resume

PUB. DATE
October 2010
SOURCE
Metal Center News;Oct2010, Vol. 50 Issue 11, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the business condition of Reliance Steel and Aluminum Co. (RSA), considered as the most aggressive acquirer of fellow center companies since going public in the middle of 1990s in Los Angeles, California. It states that the company ranks number one in the Top 50 largest service center in North America. It mentions the impact of the downturn on the industry. Karla Lewis, RSA's chief financial officer (CFO), forecasts that RSA will resume their acquisition strategy.
ACCESSION #
55095132

 

Related Articles

  • Reliance Steel completes acquisition of American Metals Corporation.  // Business Journal Serving Fresno & the Central San Joaquin Valley;11/23/98, Issue 322385, p10 

    Reports that Reliance Steel & Aluminum Co. has acquired American Metals Corp. in California. Service centers in Redding and Fresno; Steps of the transaction; American Metals' revenues for the year ending December 31, 1997; Nature of Reliance's business; Reliance products.

  • Reliance Buys Tennessee Facility from Worthington.  // Metal Center News;Apr2012, Vol. 52 Issue 4, p14 

    The article presents information on the acquisition of the processing facility of Worthington Steel Co. by the Reliance Steel & Aluminum Co.

  • 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.

  • Reliance to Buy Ohio Toll Processor.  // Metal Center News;Jul2003, Vol. 43 Issue 8, p8 

    Reports that Los Angeles, California-based chain of metal centers Reliance Steel & Aluminum Co. has signed an agreement to acquire Minster, Ohio-based Prescription Strip Inc. Information on Prescription Strip; Business principles of Reliance.

  • No. I Ranking Has a Nice Ring to Reliance. Triplett, Tim // Metal Center News;Sep2014, Vol. 54 Issue 10, p6 

    The author reflects on the closing of the Reliance Steel and Aluminum's in the New York Stock Exchange on the service center's 20th anniversary as a publicly traded company on August 20, 2014. He informs that Reliance stock initiated at 14.50 U.S. dollars per share at its initial public offering...

  • Reliance Could Issue Up To $750M In Debt. R. K. // Bank Loan Report;6/30/2008, Vol. 23 Issue 26, p1 

    The article reports that Reliance Steel & Aluminum Co. will issue as much as $750 million in debt following its acquisition of PNA Group Inc. Kim Feazle notes that it could put more equity into the deal and decrease the total amount of debt. Reliance Steel is rated BBB- by Standard & Poor's...

  • Precision Strip Acquisition Means Diversification for Reliance.  // Metal Center News;Aug2003, Vol. 43 Issue 9, p8 

    Focuses on the acquisition of Precision Strip Inc. by Los Angeles, California-based firm Reliance Steel and Aluminum Co. Impact of the acquisition on the business of Reliance; Net income for the first half of the year 2003 posted by Reliance; Statement of David H. Hannah, chief executive...

  • The Big Get Bigger: Reliance Woos EMJ.  // Metal Center News;Feb2006, Vol. 46 Issue 2, p10 

    The article focuses on the definitive merger agreement between metal distributors Reliance Steel & Aluminum Co. and Earl M. Jorgensen (EMJ) Co. The deal is valued at approximately $934 million including the assumption of EMJ's net debt. The transaction will significantly increase Reliance's...

  • RELIANCE STEEL & ALUMINUM CO. BUYS SUNBELT STEEL TEXAS.  // Modern Metals;Nov2012, Vol. 68 Issue 10, p10 

    The article reports on the acquisition by Los Angeles, California-based Reliance Steel & Aluminum Co. of Sunbelt Steel Texas LLC., which distributes special-alloy steel bar and heavy-wall tubing products.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

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

Try another library?
Sign out of this library

Other Topics