Reliance Steel & Aluminum Agrees to Acquire GH Metal Solutions
09/20/2012 - Reliance Steel & Aluminum Co., through its wholly-owned subsidiary Feralloy Corporation, has reached an agreement to purchase all of the outstanding capital stock of GH Metal Solutions, 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, it has reached an agreement to purchase all of 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. Founded in 1958, GH’s processing equipment includes flat-bed lasers, tube lasers, torches, shears, automatic band saws, CNC press brakes, coil-fed and hand-fed stampers, and robotic and manual welders. For the year 2011, annual sales were approximately US$44 million. The transaction is expected to be finalized within 30 days, subject to customary closing conditions. Terms were not disclosed.
Reliance Steel & Aluminum Co., headquartered in Los Angeles, Calif., 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.
