Dec. 10, 2014
Reliance Acquires Fox Metals and Alloys
Reliance Steel & Aluminum Co. has acquired Fox Metals and Alloys, Inc., a Houston-based steel distributor. Fox specializes in alloy, carbon and stainless steel bar and plate products, primarily serving OEMs and machine shops that support equipment makers for the oil, gas and petrochemical industries.
Fox reported sales of $50.5 million in 2013. Founded in 1985, the company offers saw cutting, plate burning and testing at its facility.
"The acquisition of this high-quality, customer-service-focused company further expands our presence in the oil and gas arena, an attractive and growing market for us," says David H. Hannah, chairman and CEO of Reliance in Los Angeles.
Ronald Kimball, the former owner and CEO of Fox Metals, passed away in 2011, and his widow, Suzie Kimball, has served as CEO since that time. Fox will operate as a wholly owned subsidiary of Reliance.