Reliance Steel Adds Tube Distributor to Network
12/01/2015 - North America’s largest metals service center is acquiring U.S.- based Tubular Steel Inc. for an undisclosed amount, the company has announced.
Through the deal, expected to close in early 2016, Reliance Steel & Aluminum Co. will acquire all of Tubular Steel’s outstanding shares. Headquartered in St. Louis, Mo., Tubular Steel distributes and processes carbon, alloy and stainless steel pipe, tubing, and bar products.
It operates from eight locations in the United States and recorded US$200 million in net sales in 2014, according to Reliance.
“The addition of (Tubular Steel) broadens Reliance's product breadth and supports its customer diversification strategy,” the company said in a statement.
Reliance has a network of more than 300 locations in the U.S. and 12 other countries.
It operates from eight locations in the United States and recorded US$200 million in net sales in 2014, according to Reliance.
“The addition of (Tubular Steel) broadens Reliance's product breadth and supports its customer diversification strategy,” the company said in a statement.
Reliance has a network of more than 300 locations in the U.S. and 12 other countries.
