Service Centers
Reliance buys MidWest Materials
Written by Laura Miller
April 2, 2024
Reliance Inc. has scooped up another service center to add to its extensive holdings.
The Scottsdale, Ariz.-based company announced on Tuesday that it has acquired MidWest Materials Inc. of Perry, Ohio, for an undisclosed sum.
MidWest Materials is a flat-rolled steel service center providing hot-rolled, high-strength hot-rolled, coated, and cold-rolled products to the trailer manufacturing, agriculture, metal fabrication, and building products sectors.
The current management of the company will remain in place, Reliance said.
In 2023, MidWest Materials posted sales of $87 million.
“The addition of MidWest Materials increases our flat rolled presence in the critical markets in and around Ohio, which primarily service North American OEMs,” said Karla Lewis, president and CEO of Reliance.
“MidWest Materials aligns well with our acquisition criteria of a well-run company that is immediately accretive to our earnings and expands our offerings to customers with modern, high-performance processing capabilities,” Lewis added.
This is Reliance’s third announced acquisition of 2024. In February, it agreed to purchase Houston-based American Alloy Steel Inc., and also announced the purchase of Tifton, Ga.-based Cooksey Iron & Metal Co.
Reliance operates more than 315 locations in 40 states and 12 countries outside of the US.
Laura Miller
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