Announced
Completed
Financials
Tags
Iron and Steel
Acquisition
Friendly
United States
Fabricated Metal & Hardware
Private
Single Bidder
Majority
iron and steel
Completed
Synopsis
Reliance Steel & Aluminum, the metals service center company, completed its acquisition of Fry Steel Company, which manufactures long bar stock metal products. Financial terms were not disclosed. “Fry Steel is very well-respected in the metals industry and is known for stocking hard-to-find items as well as providing exceptional customer service and next day delivery. We have admired Fry Steel for many years and are excited to welcome them into the Reliance Family of Companies. Fry Steel’s focus on specialty products and quick turn, small order sizes aligns well with our business model and our strategy of investing in high quality, high margin businesses. I’d like to personally thank Steve Fry for his dedication over the past 50 years in building such a successful and well-respected company,” Jim Hoffman, Reliance President, and Chief Executive Officer.
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