"Ferguson fits solidly into our growth strategy of acquiring companies with high value-added processing capabilities and furthers our product diversification," said Reliance president and chief executive Gregg Mollins. 

"The company is a very well-respected perforator and is known for its ability to provide highly customized and complex processing solutions."

Reliance did not provide a sale price, but said Ferguson posted recorded US$31 million in net sales last year. 

Ferguson serves end markets that include aerospace, automotive, industrial machinery, consumer electronics and sugar producers.