Reliance Steel & Aluminum Co. has announced that it has reached an agreement through Feralloy Corporation, its wholly-owned subsidiary, to purchase all of the outstanding capital stock of GH Metal Solutions, Inc. (formerly known as Gas House, Inc.).
GH Metal Solutions is a value added processor and fabricator of carbon steel products located in Fort Payne, Alabama.
GH was founded in 1958 and its processing equipment includes flat-bed lasers, tube lasers, torches, shears, automatic band saws, CNC press brakes, coil-fed and hand-fed stampers, and robotic and manual welders. Annual sales for the company were estimated at approximately $44M (USD) for 2011. The transaction is expected to be finalized by October, 2012, subject to customary closing conditions. Terms were not disclosed.
GH was founded in 1958 and its processing equipment includes flat-bed lasers, tube lasers, torches, shears, automatic band saws, CNC press brakes, coil-fed and hand-fed stampers, and robotic and manual welders. Annual sales for the company were estimated at approximately $44M (USD) for 2011. The transaction is expected to be finalized by October, 2012, subject to customary closing conditions. Terms were not disclosed.
Headquartered in Los Angeles, California, Reliance Steel is the largest metals service center company in North America. They have a wide range of products including galvanized, stainless steel, titanium and alloy steel sold to more than 125,000 customers in a broad range of industries.