Reliance Steel & Aluminum Co., Los Angeles, has acquired all of the capital stock of Northern Illinois Steel Supply Co. (NIS), a value-added distributor and fabricator of a variety of steel and nonferrous metal products. Located in Channahon, Illinois, it primarily provides structural steel components and parts. Founded in 1961, NIS focuses on customers that require extensive fabrication services and/or critical delivery timelines with a large concentration in the energy and petrochemical sectors.
Net sales for NIS were approximately $20.3 million for the twelve months ended December 31, 2013. NIS will operate as a wholly-owned subsidiary of Reliance Steel & Aluminum Co. Current management will remain in place. Additional terms were not disclosed.
“NIS has a unique business model, combining traditional metal distribution capabilities with extensive in-house fabrication services, often on an emergency basis. This acquisition complements our growth strategy of adding companies that offer higher value-add services,” 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 290 locations in 39 states and eleven countries outside of the United States, Reliance 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.
