Reliance Steel & Aluminum to Acquire Two Metals USA Businesses
August 9, 2002
Reliance Steel & Aluminum Co., Los Angeles, Calif., signed agreements to acquire from Metals USA, Inc. the assets of two of its businesses. The first, Metals USA Specialty Metals Northwest, Inc., is based in Portland, Ore., with additional divisions in Eugene, Ore.; Kent (Seattle) and Spokane, Wash.; Billings, Mont.; and Boise, Idaho. This business was formerly known as Pacific Metal Company and is primarily involved in the processing and distribution of aluminum and coated carbon steel products. The second business is the Milwaukee,Wis., operation of Metals USA Plates and Shapes North Central, Inc. This operation was previously known as Williams Steel & Supply Co., Inc. and processes and distributes mainly carbon steel plate, bar and structural products. The transactions are subject to final approval of the U.S. Bankruptcy Court, in connection with Metal USA's bankruptcy filing.