Reliance Steel & Aluminum Co., Los Angeles, announces that it has acquired all of the capital stock of Fox Metals and Alloys Inc., Houston. Fox is a steel distributor specializing in alloy, carbon, and stainless steel bar and plate products. Through a network of more than 290 locations in 39 states and twelve countries, 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.
Fox, located in Houston, Texas, is a supplier in the Houston/Gulf Coast region when critical supplies are needed on a timely basis. Fox’s in-house processing services include saw cutting, plate burning and testing. Net sales for Fox were approximately $50.5 million for the twelve months ended December 31, 2013.
Fox will operate as a wholly-owned subsidiary of Reliance Steel & Aluminum Co. Additional terms were not disclosed.
