Reliance, Inc. Completes Acquisition of American Alloy Steel, Inc.

Core Insights - Reliance, Inc. has completed the acquisition of American Alloy Steel, Inc. effective April 1, 2024, enhancing its processing capabilities and product portfolio [1][2] - American Alloy reported annual net sales of approximately $310 million for the year ending December 31, 2023 [2] Company Overview - Reliance, Inc. is a leading global diversified metal solutions provider and 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 and value-added processing services [3] - In 2023, Reliance's average order size was $3,210, with approximately 51% of orders including value-added processing and about 40% delivered within 24 hours [3]