Reliance Extends Reach into Red Metals with Third Deal This Month

For the 12 months ended July 31, 2021, annual net sales for Rotax totaled approximately $14 million. The terms of the transaction were not disclosed. Rotax will operate as a subsidiary of Yarde Metals, Inc., a wholly owned subsidiary of Reliance.

“Rotax’s acquisition supports Reliance’s product diversification strategy by expanding our portfolio of specialty bronze, brass and copper product offerings. By operating through our subsidiary Yarde Metals, a service center with 16 locations throughout the Northeast, we expect Rotax will benefit from Yarde’s relationships with mill suppliers and leverage its back-office services to streamline operations and promote continued growth,” Reliance CEO Jim Hoffman said.

Earlier this month, Reliance announced its purchases of Nu-Tech Precision Metals and Admiral Metals.  

Headquartered in Los Angeles, Reliance is the largest metals service center company in North America with a network of approximately 300 locations in 40 states and 13 countries outside of the U.S.

By Tim Triplett, Tim@SteelMarketUpdate.com