|Reliance Steel & Aluminum Co. Acquires McKey Perforating Co., Inc.|
"McKey is well-known for quality within the perforated metals industry and will work closely with Diamond to further leverage their combined expertise in that market. We look forward to further expanding our presence within the perforated metal market, which is a high return and value-added end market,"
LOS ANGELES--(BUSINESS WIRE)--Reliance Steel & Aluminum Co. (NYSE:RS) announced today that, through its wholly-owned subsidiary Diamond Manufacturing Company, it has completed the acquisition of McKey Perforating Co., Inc. headquartered in New Berlin, Wisconsin and its subsidiary McKey Perforated Products Co., Inc. located in Manchester, Tennessee. McKey was founded in 1867 and is a contract manufacturer that provides a full range of metal perforating and fabrication services to customers located primarily in the U.S. For the year 2011, McKey’s net sales were approximately $18 million. Jean McKey will continue in her role of President of McKey Perforating. Details of the transaction were not disclosed.
“McKey is well-known for quality within the perforated metals industry and will work closely with Diamond to further leverage their combined expertise in that market. We look forward to further expanding our presence within the perforated metal market, which is a high return and value-added end market,” said David H. Hannah, Chairman and CEO of Reliance.
Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is the largest metals service center company in North America. Through a network of more than 200 locations in 38 states and Belgium, Canada, China, Malaysia, Mexico, Singapore, South Korea, the U.A.E. and the United Kingdom, the Company provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries.
Reliance Steel & Aluminum Co.’s press releases and additional information are available on the Company’s web site at www.rsac.com. The Company was named to the 2010 “Fortune 500” List and the 2010 Fortune List of “The World’s Most Admired Companies.”
This release may contain forward-looking statements. Actual results and events may differ materially as a result of a variety of factors, many of which are outside of Reliance Steel & Aluminum Co.’s control. Risk factors and additional information are included in Reliance Steel & Aluminum Co.’s reports on file with the Securities and Exchange Commission, including Reliance Steel & Aluminum Co.’s Annual Report on Form 10-K for the year ended December 31, 2010 and Quarterly Report on Form 10-Q for the quarters ended March 31, 2011, June 30, 2011 and September 30, 2011.