Service Centers

Reliance completes acquisition of American Alloy
Written by Ethan Bernard
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
Read more from Ethan BernardLatest in Service Centers

Worthington Steel set to move HQ across town
Worthington Steel is preparing to move its corporate headquarters to the Easton area of Columbus, Ohio.

Reliance reports record tons sold in Q1
A factor in the sales was customers buying ahead of tariff-related price increases.

Galv buyers notched strong Q1, but see uncertainty on the horizon
Participants on the HARDI Sheet Metal/Air Handling Council call said underlying demand is solid but there are slower pockets in some markets.

GM names Worthington a 2024 Supplier of the Year
This is the Ohio-based steelmaker’s fourth time winning the award.

Olympic taps Hegler for GM role at Action Stainless
Olympic Steel has named Alex Hegler as general manager for its Action Stainless facility in Rock Hill, S.C.