Reliance to buy certain assets of Mississippi toll processor

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.

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.