Reliance Steel & Aluminum Co. has added another company to its extensive portfolio of metals service centers and processors.
Reliance announced on Feb. 2 that it has acquired Tifton, Ga.-based Cooksey Iron & Metal Co. Terms of the deal were not disclosed.
Cooksey stocks and processes finished steel products, including plates, tubing, beams, and bars, at three locations. In 2023, the company had net sales of approximately $90 million.
Cooksey will now operate as part of Reliance’s Metals USA subsidiary.
“The addition of Cooksey strengthens and expands our position in the fast-growing Southeastern market where the company is well-known for its premium customer service, quality products, and rapid delivery standards – which is in direct alignment with the Reliance model,” Reliance President and CEO Karla Lewis said.
Reliance is North America’s largest service center group, operating more than 300 locations in 40 states and 12 countries outside of the US. It is based in Scottsdale, Ariz.
Laura MillerRead more from Laura Miller
Latest in Service Centers
Olympic Steel mulling future buys in all three of its segments
Olympic Steel said it's open to future acquisitions in all three of its business segments.
Olympic Steel earnings soar in Q4
Olympic Steel’s earnings jumped in the fourth quarter, even as the company dealt with "significant" price volatility in hot rolled for full-year 2023.
Ryerson back in black in fourth quarter
Ryerson swung to a net profit in the fourth quarter, though revenue declined from the same period last year.
Friedman earnings slump but sees stronger quarter ahead
Friedman Industries posted lower earnings in its fiscal third quarter but was upbeat on the next quarter due to the effect of increased hot-rolled coil prices.
Reliance updates name, reports ‘strong’ Q4 and annual results
Reliance Inc. – formerly Reliance Steel & Aluminum Co. – introduced its “new company identity” that emphasized its “evolution to more than steel,” the company said in its fourth-quarter and full-year earnings report.