Steel Mills
Reliance Steel & Aluminum Acquires Best Manufacturing
Written by Sandy Williams
April 5, 2016
Reliance Steel & Aluminum Co. has acquired custom sheet metal fabricator Best Manufacturing as of April 1, 2016. The company will operate as wholly-owned subsidiary of Reliance with current management remaining in place.
Headquartered in Jones Arkansas, Best Manufacturing provides various precision fabrication services including laser cutting, shearing, CNC punching, CNC forming and rolling, as well as welding, assembly, painting, inventory management and engineering expertise. The company posted sales of approximately $20 million in 2015 serving core customers in trucking, agriculture and energy.
“Best Manufacturing complements Reliance’s existing service center network extremely well given its specialty high margin products and value-added processing capabilities coupled with its strong focus on customer service,” commented Gregg Mollins, President and Chief Executive Officer of Reliance. “Best Manufacturing is known as a one-stop source for superior quality products and has a very good reputation in the markets it serves. We are very pleased to have Best Manufacturing join the Reliance family of companies.”
{loadposition reserved_message}

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Nucor moves to stop HRC price slide with $10/ton hike
Nucor is attempting to halt the decline in hot-rolled coil prices with the announcement of a $10-per-short-ton increase in its weekly consumer spot price on Monday.

Explosion rocks ArcelorMittal’s DR plant in Mexico
ArcelorMittal reported a "strong" explosion at the direct reduction part of its massive Lazaro Cardenas mill in Mexico.

SDI to acquire remaining stake in New Process Steel
Steel Dynamics Inc. (SDI) announced that it has agreed to acquire the remaining 55% equity interest in New Process Steel.

North Star results improve despite buyer caution as tariffs drive prices higher
North Star BlueScope said it is optimistic that US tariffs will bolster selling prices and tighten the spread the Australia-based steel maker suffered in 2025.

AISI: Domestic steel production edges down
US raw steel production declined last week, according to the latest data released by the American Iron and Steel Institute (AISI).