Wednesday 6 February 2013

Reliance Steel Agrees to Buy Metals USA for $772M in Cash

Reliance Steel & Aluminum Co . has agreed to buy Metals USA Holdings Corp. for about $772 million in cash, its largest acquisition to date.
" Metals USA is an excellent fit," Reliance Chief Executive David H. Hannah said. "We believe that the combined company will be well positioned to continue to outperform the broader metals service center industry."...

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