Reliance Steel & Aluminum Co. Completes Acquisition of All Metals Holding, LLC
Reliance, Inc. (RS)
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Source: GlobeNewswire
LOS ANGELES, Nov. 02, 2018 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced that it has acquired all of the membership interests of All Metals Holding, LLC, (“All Metals”) including its operating subsidiaries All Metals Processing & Logistics, Inc. (“AMPL”) and All Metals Transportation and Logistics, Inc. (“AMTL”) effective November 1, 2018. AMPL, headquartered in Spartanburg, South Carolina with an additional facility in Cartersville, Georgia, specializes in toll processing for automotive, construction, appliance and other diverse-end markets. AMTL provides value-added transportation and logistics for metal products from six strategically located terminals throughout the southeastern United States. For the fiscal year ended December 31, 2017, All Metals’ combined net sales were approximately $26 million. The terms of the transaction were not disclosed. “Our acquisition of All Metals represents our third acquisition in 2018,” commented Gregg Mollins, Presiden
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