Reliance Steel & Aluminum to acquire American Alloy Steel.

Reliance Steel & Aluminum, a diversified metal solutions provider and the largest metals service center company, agreed to acquire American Alloy Steel, a distributor of specialty carbon and alloy steel plate and round bar. Financial terms were not disclosed. “We are very excited to welcome American Alloy to the Reliance family. They have been a well-known leader in the specialty carbon steel plate market for decades with strong relationships with both customers and suppliers, along with committed, long-tenured employees, and a solid reputation for customer service and product expertise. American Alloy adds specialty carbon steel plate to Reliance’s product portfolio as well as new fabrication capabilities. We look forward to continuing to grow the American Alloy business, especially in value-added processing, as well as leveraging our collaboration efforts to expand the product and service offerings of both American Alloy and our existing Reliance companies as they find opportunities to work together and grow," Karla Lewis, Reliance President and CEO.