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
Read more from Sandy WilliamsLatest in Steel Mills
AISI: Raw steel production ticks back down
US raw steel output declined last week after increasing the week prior, according to the latest data from the American Iron and Steel Institute (AISI). Output has see-sawed from week to week since mid-August. Still, it has remained historically strong over the past four months and has held near multi-year highs since June. Domestic mills […]
Gerdau reshapes North American footprint as tariffs squeeze long steel imports
Gerdau is repositioning its North American business to capitalize on a sharp shift in steel trade flows driven by elevated tariffs across the US, Canada, and Mexico.
CRU: Interest in AHMSA is growing
Representatives of at least six companies interested in acquiring AHMSA have reportedly begun to carry out physical inspections of the insolvent company’s assets.
USW urges Algoma to diversify product line as $500M lifeline meets wider Q3 losses
The United Steelworkers (USW) is pushing for transparency after Algoma Steel announced earlier this week that it has received CA$500 million in financing from the Canadian government.
Oregon Steel Mills lifts plate prices by $60/ton
Oregon Steel Mills has joined other producers in announcing a price increase of at least $60 per short ton on steel plate.