Reliance Acquires Fab Company
By
Metal Center News Staff on
Aug 1, 2018
Reliance Steel & Aluminum Co., Los Angeles, has acquired KMS Fab LLC and KMS South Inc. The KMS companies specialize in precision sheet metal fabrication, ranging from prototypes to large production runs using a variety of metals and processes, including laser cutting, stamping, turret punching, machining, powder coating and welding.
KMS Fab was founded in Luzerne, Pa., in 1954, and KMS South launched in 1987 in West Columbia, S.C. The two companies net sales totaled $23.3 million in 2017.
“Our acquisition of the KMS companies fits well with our growth strategy of acquiring and investing in businesses that perform high levels of value-added processing,” said Gregg Mollins, president and CEO of Reliance. “The KMS Companies have a longstanding record of investing in state-of-the-art technologies to provide customers with timely delivery of the highest quality parts which aligns with Reliance’s core business principles.”