Steel distributor Reliance acquires Fox Metals


LOS ANGELES – Reliance Steel & Aluminum Co. (NYSE: RS) announced on Tuesday that it has acquired 100% of the share capital of Fox Metals and Alloys, Inc., a steel distributor specializing in alloy bar and plate products , carbon and stainless steel, primarily serving OEMs and machine shops that manufacture or support the manufacture of equipment for the oil, gas and petrochemical industries.

Fox, located in Houston, Texas, began operations in 1985. Over the years, Fox has built a reputation for providing exceptional customer service and being a trusted supplier to the Houston / Coast area. Gulf when essential supplies are needed in a timely manner. Fox’s in-house processing services include saw cutting, plate engraving and testing. Fox’s net sales were approximately $ 50.5 million for the twelve months ended December 31, 2013.

Ronald Kimball, the former owner and CEO of Fox passed away in 2011 and his widow, Suzie Kimball, has served as CEO since then. Fox will operate as a wholly owned subsidiary of Reliance Steel & Aluminum Co. Additional terms were not disclosed.

“The acquisition of this high quality, customer service oriented company further expands our presence in the oil and gas industry, an attractive and growing market for us,” said David H. Hannah, President and CEO of Reliance.

Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is the largest metal service center company in North America. Through a network of more than 290 locations in 39 states and twelve countries outside the United States, Reliance provides value-added metal processing services and distributes a full line of more than 100,000 metal products to more than 125,000 clients in a wide variety of industries.


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