Service Centers

Reliance completes acquisition of American Alloy

April 3, 2024

Reliance Inc. said it has completed its buy of Houston-based American Alloy Steel, effective as of April 1.

Further terms of the deal, announced in February, were not disclosed.

The Scottsdale, Ariz.-based service center giant noted in a statement on Wednesday that it has “completed its acquisition of all of the outstanding equity interests and related real estate assets of American Alloy Steel.”

American Alloy is a distributor of specialty carbon and alloy steel plate and round bar, including pressure-vessel quality (PVQ) material.

Reliance said the current American Alloy team, including management, will remain in place. For the 12 months ended Dec. 31, annual net sales for American Alloy were ~$310 million.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

Ethan Bernard

Latest in Service Centers

Ryerson profits fall in Q2 on low demand

Reliance logs another record for Q2 tons sold

Triple-S closes on American Stainless Tubing buy

Worthington Steel fiscal Q4 profit rises despite sales drop

Friedman’s profits tick higher on record quarterly sales volumes