Service Center News

Reliance Acquires Mid-West Materials

By on
Reliance Inc. has acquired all the outstanding equity interests of Mid-West Materials Inc., Perry, Ohio. Mid-West Materials is a premier flat-rolled steel service center primarily servicing North American OEMs.

Founded in 1952, MidWest Materials provides a  breadth of steel products including hot-rolled, high strength hot-rolled, coated and cold-rolled products that are sold into the trailer manufacturing, agriculture, metal fabrication and building products markets. The current management team, led by third-generation CEO Brian Robbins, will remain in place.

“The Reliance family is thrilled to welcome MidWest Materials,” said Karla Lewis, president and CEO of Reliance. “The addition of MidWest Materials increases our flat-rolled presence in the critical markets in and around Ohio which primarily service North American OEMs. MidWest Materials aligns well with our acquisition criteria of a well-run company that is immediately accretive to our earnings and expands our offerings to customers with modern, high-performance processing capabilities."

For the 12 months ended Dec. 31,  annual net sales for MidWest Materials were approximately $87 million. The terms of the transaction were not disclosed.

"MidWest Materials' emphasis on superior customer service and its strong reputation for quality products strongly correlates with the Reliance model. MidWest Materials will benefit from our scale as well as access to capital for investments in value-added processing capabilities and the knowledge base and breadth of expertise throughout our extensive family of companies," Lewis said.

Brown Gibbons Lang & Company served as the financial advisor to Mid-West Materials during the sale.

“The BGL team demonstrated their experience and knowledge in the metal service center sector throughout the entire process, and we are very pleased with the outcome,” said  Robbins. “I appreciate the team’s dedication to helping us find a capable and respected partner to continue executing our plans for growth.”