Reliance Steel & Aluminum Acquires Airport Metals of Australia
07/09/2012 - Reliance Steel & Aluminum Co., through its newly-formed subsidiary Bralco Metals (Australia) Pty Ltd., has acquired substantially all of the assets of Airport Metals (Australia) Pty Ltd., a subsidiary of Samuel Son & Co., Limited.
Reliance Steel & Aluminum Co. announced that, through its newly-formed subsidiary Bralco Metals (Australia) Pty Ltd., it has acquired substantially all of the assets of Airport Metals (Australia) Pty Ltd., a subsidiary of Samuel Son & Co., Limited. Airport Metals (Australia), based in Melbourne, operates as a stocking distributor of aircraft materials and supplies. Terms were not disclosed.
David H. Hannah, Chairman and Chief Executive Officer of Reliance Steel & Aluminum Co., said “This strategic asset purchase will allow our existing Bralco Metals business to have a physical presence in the Australian market where they currently service aircraft and other key customers from our U.S. operations. This is our first entry into Australia and we are excited to leverage the strong reputation that Airport Metals has built in this area.”
Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is the largest metals service center company in North America. Through a network of more than 220 locations in 38 states and Belgium, Canada, China, Malaysia, Mexico, Singapore, South Korea, the U.A.E. and the United Kingdom, the company provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries.
