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Reliance Acquires Dynamic Metals International
04/03/2008 - Reliance Steel & Aluminum acquires Dynamic Metals International, LLC, a Bristol, Conn., based specialty metal distributor.
Reliance Steel & Aluminum Co. has acquired Dynamic Metals International, LLC, a Bristol, Conn., based specialty metal distributor.
Founded in 1999, the company supplies a broad range of specialty metals including Maraging (Vascomax®) steel, 300M, and 4340 Mod alloys, as well as alloy and stainless steels, and titanium, nickel and aluminum alloys. The company reported revenues of approximately $11 million in 2007.
“This strategic acquisition expands our existing Service Steel Aerospace specialty product offerings,” said David H. Hannah, Chairman and Chief Executive Officer.
Dynamic will now operate as a subsidiary of Service Steel Aerospace Corp., which is headquartered in Tacoma, Wash.
Headquartered in Los Angeles, Calif., Reliance Steel & Aluminum Co. is one of the largest metals service center companies in the United States. Through a network of more than 180 locations in 37 states and Belgium, Canada, China, South Korea and the U.K., the company provides value-added metals processing services and distributes a full line of over 100,000 metal products.
The company was named to the 2007 “Fortune 500” List, the Fortune 2007 “100 Fastest Growing Companies” List, the Fortune 2008 List of “America’s Most Admired Companies” the 2008 Forbes “America’s Best Managed Companies” List, and the 2008 Forbes “Platinum 400 List of America’s Best Big Companies.”
