Reliance Steel & Aluminum Co. to Acquire Merfish United
08/05/2021 - Reliance Steel & Aluminum Co. announced Wednesday that it has entered into a definitive agreement to acquire tubular building products distributor Merfish United.
Headquartered in Ipswich, Mass., USA, Merfish United’s product offering includes full lines of steel pipe, copper tubing, plastic pipe, electrical conduit and related products for the commercial, residential, municipal and industrial building markets.
This transaction fits within Reliance’s strategy of acquiring accretive companies with strong management teams and supports Reliance’s customer, product and geographical diversification strategy. It will also help position Reliance in the industrial distribution space and create a platform for further growth in this area.
The transaction is expected to close within the next 60 days.