Reliance, Inc. Acquires Mid-West Materials, Inc.

Group 1 - Reliance, Inc. has acquired Mid-West Materials, a flat-rolled steel service center, enhancing its presence in North American OEM markets [1][2] - Mid-West Materials reported annual net sales of approximately $87 million for the year ending December 31, 2023 [1] - The acquisition aligns with Reliance's strategy of acquiring well-run companies that are immediately accretive to earnings and expand customer offerings [2] Group 2 - Reliance, Inc. is the largest metals service center company in North America, with over 315 locations across 40 states and 12 countries [3] - The company distributes over 100,000 metal products to more than 125,000 customers, focusing on small orders with quick turnaround [3] - In 2023, approximately 51% of Reliance's orders included value-added processing, and about 40% were delivered within 24 hours [3]