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News Breaks | | | | September 20, 2012 | | 08:53 EDT |  | RS | Reliance Steel to acquire GH Metal Solutions, Inc.
Reliance Steel, through its wholly-owned subsidiary Feralloy Corporation, has reached an agreement to purchase all of the outstanding capital stock of GH Metal Solutions, Inc. (formerly known as Gas House, Inc.), a value added processor and fabricator of carbon steel products located in Fort Payne, Alabama. For 2011, annual sales were approximately $44M. The transaction is expected to be finalized within 30 days, subject to customary closing conditions. Terms were not disclosed. | |
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