Reliance Acquires Continental Alloys
 
Reliance Steel & Aluminum Co., Los Angeles, will acquire Houston-based Continental Alloys & Services Inc. Continental focuses on high-end steel and alloy pipe, tube and bar products, as well as precision manufacturing of various tools, for global energy service companies.

“We are very excited about our agreement to acquire Continental Alloys & Services. Continental brings a great management team and expands our exposure to the attractive energy, oil and gas markets with new products, processing capabilities and international locations,” says David Hannah, chairman and CEO of Reliance. 

Founded in 1976, Continental operates 12 locations in seven countries including the United States, Canada, United Kingdom, Singapore, Malaysia, Dubai and Mexico. Continental and its affiliates had net sales of approximately $196 million for the six months ended June 30.

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Wednesday, February 22, 2017