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Reliance Steel & Aluminum Acquires GH Metal Solutions
10/04/2012 - Reliance Steel & Aluminum Co. announced that, through its wholly-owned subsidiary Feralloy Corporation, effective 1 October 2012 it completed the acquisition of all the outstanding capital stock of GH Metal Solutions, Inc. (formerly known as Gas House, Inc.), a value added processor and fabricator of carbon steel products located in Fort Payne, Ala.
Reliance Steel & Aluminum Co. announced that, through its wholly-owned subsidiary Feralloy Corporation, effective 1 October 2012 it completed the acquisition of all the outstanding capital stock of GH Metal Solutions, Inc. (formerly known as Gas House, Inc.), a value added processor and fabricator of carbon steel products located in Fort Payne, Alabama. GH was founded in 1958 and has grown its processing equipment to include flat-bed lasers, tube lasers, torches, shears, automatic band saws, CNC press brakes, coil-fed and hand-fed stampers, robotic and manual welders, and a painting line. For the year 2011, GH’s sales were approximately $44 million. GH will operate as a wholly-owned subsidiary of Feralloy Corporation. Current management will remain in place. Terms were not disclosed.
“GH is a high value add processor of metal products that will allow Feralloy to better serve the increasing demands of its diverse customer base. GH has a great reputation in their market for its engineering, customer service and laser operating expertise,” said David H. Hannah, Chairman and CEO of Reliance.
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 Australia, 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.
