Oil Patch Bits: Reliance Steel acquires Alaska Steel

Reliance Steel & Aluminum Co. said Aug. 2 that it has acquired all of the capital stock of Alaska Steel Co., a full-line metal distributor headquartered in Anchorage, Alaska. Alaska Steel will operate as a fully owned subsidiary of Reliance’s American Metals Corp., with current management in place. Terms of this transaction were not disclosed.

Alaska Steel houses the largest on-hand inventory in Alaska and offers both same-day and next-day delivery from its three facilities in Anchorage, Fairbanks and Kenai. The company provides steel, aluminum, stainless and specialty metals and related processing services, and caters to a wide range of customers in diverse industries including infrastructure, energy and mining throughout Alaska.

---

Did you find this article interesting?

Tweet it

Digg it

Print this story | Email it to an associate.

Click here to subscribe to Petroleum News for as low as $89 per year.