Reliance Steel & Aluminum (RS) to Buy American Alloy Steel

Reliance Steel & Aluminum Co. (RS) has signed a definitive agreement to purchase all of American Alloy Steel, Inc.'s outstanding equity interests and related real estate assets.American Alloy operates five service centers and a plate fabrication business in the United States. It also has a joint venture in Canada. It supplies to customers in the United States, Canada and Mexico, as well as certain foreign markets, and serves military, infrastructure, power generating, utility, refining, petrochemical and mi ...