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New Deal


Announced

Completed

Reliance Steel & Aluminum completed the acquisition of Fry Steel Company.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Iron and Steel

Acquisition

Friendly

United States

Fabricated Metal & Hardware

Private

Single Bidder

Majority

iron and steel

Completed

Synopsis

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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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