Steel Mills
Reliance Steel Acquires Fox Metals & Alloys Inc.
Written by Sandy Williams
December 3, 2014
Reliance Steel & Aluminum Co. announced on Tuesday the purchased of Fox Metals and Alloys, Inc. for an undisclosed sum. Fox Metals, based in Houston, Texas, is a steel distributor specializing in alloy, carbon and stainless steel bar and plate products, primarily servicing OEMs and machine shops supporting the oil, gas and petrochemical industries.
“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,” said David H. Hannah, Chairman and CEO of Reliance.
Fox Metals is a supplier for the Houston/Gulf Coast region and reported net sales of approximately $50.5 million in 2013. Fox’s in-house processing services include saw cutting, plate burning and testing.
Reliance Steel & Aluminum Co., headquartered in Los Angeles, CA, is the largest metals service center company in North America. Through a network of more than 290 locations in 39 states and twelve countries outside of the United States, Reliance provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries.
Sandy Williams
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