Posted in | News | Ferrous Alloys and Metals | Non-Ferrous Alloys and Metals | Materials Processing | Business | Iron and Steel | Aluminum / Aluminium

Reliance Steel and Aluminum to Acquire remaining Stake of Clayton Metals

Jun 22 2007

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Reliance Steel & Aluminum Co. announced today that it has reached an agreement to acquire the outstanding capital stock of Clayton Metals, Inc., headquartered in Wood Dale, Illinois. Clayton Metals was founded in 1976 and specializes primarily in the processing and distribution of aluminum, stainless steel and red metal flat-rolled products, custom extrusions and aluminum circles through its metals service center locations in Wood Dale, IL; Cerritos, CA; High Point, NC and Parsippany, NJ. Clayton Metal’s net sales for the twelve months ended December 31, 2006 were about $123 million. Current management is expected to remain in place. The transaction is expected to be finalized within the next 30 days, subject to the completion of due diligence. Terms were not disclosed.

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