{"id":8922,"date":"2016-01-08T13:02:40","date_gmt":"2016-01-08T13:02:40","guid":{"rendered":"https:\/\/staging.asminternational.org\/hts-new\/results\/-\/journal_content\/56\/10192\/26097304\/NEWS\/"},"modified":"2023-02-07T04:49:28","modified_gmt":"2023-02-07T04:49:28","slug":"reliance-acquires-tubular-steel-for-its-specialty-steel-products","status":"publish","type":"post","link":"https:\/\/www.asminternational.org\/hts\/reliance-acquires-tubular-steel-for-its-specialty-steel-products\/","title":{"rendered":"Reliance acquires Tubular Steel for its specialty steel products"},"content":{"rendered":"<p>\n\tReliance Steel &amp; Aluminum Co., Los Angeles, &nbsp;has acquired all of the outstanding capital stock of Tubular Steel Inc. (&#8220;TSI&#8221;), St. Louis. TSI stocks over 60,000 tons and ships over two million custom-cut lengths of pipe, tubing, and bar products annually from its seven service centers across the United States. TSI will operate as a wholly owned subsidiary of Reliance Steel &amp; Aluminum Co., and current management will remain in place.<\/p>\n<p>\n\t&#8220;Tubular Steel is a strong company with a respected position in the market and we are very excited for TSI to join the Reliance family of companies,&#8221; commented Gregg Mollins, President and Chief Executive Officer of Reliance. &#8220;The addition of Tubular Steel, with specialty, high margin products, fits our growth strategy of investing in higher returning businesses, while expanding our product breadth and end market diversification.&nbsp; Energy is an important end market for Tubular Steel. &nbsp;Although current activity levels are lower than normal in this area, we are confident in the long term strength of the energy market and Tubular Steel&#8217;s ability to benefit during the recovery.&#8221;<\/p>\n<p>\n\t<a href=\"http:\/\/www.rsac.com\/\" target=\"_blank\" rel=\"noopener\">www.rsac.com<\/a><\/p>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Steel &#038; Aluminum Co., Los Angeles,  has acquired all of the outstanding capital stock of Tubular Steel Inc., which stocks over 60,000 tons and ships over two million custom-cut lengths of pipe, tubing, and bar products annually.<\/p>\n","protected":false},"author":63082,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[446,439,463,440,441,479,1],"tags":[],"class_list":["post-8922","post","type-post","status-publish","format-standard","hentry","category-automobiles-and-ground-transportation","category-general","category-metal-products-and-machinery","category-news","category-news-articles","category-petroleum-and-chemical-processing","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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