Distributors/Service Centers

Reliance to buy certain assets of Mississippi toll processor
Written by Ethan Bernard
July 15, 2024
Reliance Inc. has reached an agreement to buy certain assets of Ferragon Corp.’s FerrouSouth division, a toll processing operation based in Iuka, Miss.
Terms of the transaction were not disclosed. Scottsdale, Ariz.-based service center Reliance noted the deal is expected to close within the next 30 days, subject to customary closing conditions.
The FerrouSouth operations will run as a division of Feralloy Corp., which is a wholly owned subsidiary of Reliance.
“The addition of FerrouSouth’s tolling operations helps expand our toll processing capabilities and provides additional capacity to Feralloy through its existing operations in the Southeastern United States,” Karla Lewis, Reliance president and CEO, said in a statement on Monday.
Besides offering flat-rolled steel processing, FerrouSouth supplies logistics services, including shipping and warehousing solutions, within the Southeastern market.
From its Chicago headquarters, Feralloy operates a network of 11 steel processing centers throughout the US and Mexico.
Ethan Bernard
Read more from Ethan BernardLatest in Distributors/Service Centers
Breaking News: M&A blockbuster as Ryerson, Olympic Steel announce merger
National service center chains Ryerson Holding Corp. and Olympic Steel Corp. have announced a merger between the two companies.
Ryerson reports net loss in Q3 as weak demand offsets tariff price support
Ryerson Holding Corp. Third quarter ended Sept. 30 2025 2024 % Change Net sales $1,161.5 $1,126.6 3.1% Net earnings (loss) $(14.8) $(6.6) 124.2% Per diluted share $(0.46) $(0.20) 130.0% Nine months ended Sept. 30 Net sales $3,466.5 $3,591.3 -3.5% Net earnings (loss) $(18.5) $(4.3) 330.2% Per diluted share $(0.58) $(0.13) 346.2% (in millions of dollars […]
Reliance profits dip amid trade policy headwinds
Reliance Inc. reported lower profits in the third quarter amid trade woes and abundant inventory in the market.
Olympic Steel taps Norred for GM role in Georgia
Olympic Steel Inc. has appointed Larry N. Norred, Jr. to the role of general manager for its Buford (fabrication) and Winder (metal processing) operations in Georgia.
Nova Steel acquires Sheffield Steel Products
Canada's Nova Steel has fully acquired all of the assets of Ohio's Sheffield Steel Products.
