Reliance Acquires All Metals
By Metal Center News Staff
on Nov 5, 2018
Reliance Steel & Aluminum Co., Los Angeles, has acquired all of the interests of All Metals Holding LLC, including its operating subsidiaries All Metals Processing & Logistics, Inc. and All Metals Transportation and Logistics Inc. AMPL, headquartered in Spartanburg, S.C., with an additional facility in Cartersville, Ga., specializes in toll processing for automotive, construction, appliance and other diverse-end markets.
AMTL provides value-added transportation and logistics for metal products from six strategically located terminals throughout the Southeastern United States. For the fiscal year ended Dec. 31, 2017, All Metals’ combined net sales were approximately $26 million. The terms of the transaction were not disclosed.
“Our acquisition of All Metals represents our third acquisition in 2018,” said Gregg Mollins, president and CEO of Reliance. “All Metals fits with our disciplined growth strategy and meets our criteria of acquiring high-quality businesses that are immediately accretive to our earnings. Importantly, All Metals’ experienced management team has developed a business that is focused on high-return, toll processing and logistics services that further strengthens our already solid position in these areas.”