M&A Deal Summary

Reliance Steel & Aluminum Acquires Diamond Consolidated Industries

On October 1, 2010, Reliance Steel & Aluminum acquired metals/mining company Diamond Consolidated Industries

Acquisition Highlights
  • This is Reliance Steel & Aluminum’s 5th transaction in the Metals/Mining sector.
  • This is Reliance Steel & Aluminum’s 7th transaction in the United States.
  • This is Reliance Steel & Aluminum’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2010-10-01
Target Diamond Consolidated Industries
Sector Metals/Mining
Buyer(s) Reliance Steel & Aluminum
Deal Type Add-on Acquisition

Target

Diamond Consolidated Industries

Wyoming, Pennsylvania, United States
website
Diamond Consolidated Industries, Inc. consists of Diamond Manufacturing, a company that specializes in the manufacture and sale of specialty engineered perforated materials; Perforated Metals Plus, a distributor of perforated metals located in Charlotte, North Carolina; and Dependable Punch Corporation, a manufacturer of custom punches for tools and dies also located in Wyoming, Pennsylvania.

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Buyer(S) 1

Buyer

Reliance Steel & Aluminum

Los Angeles, California, United States

website

Category Company
Founded 1939
Sector Metals/Mining
Employees12,800
Revenue 17.0B USD (2022)
DESCRIPTION

Reliance Steel & Aluminum is a large metals service center company. Reliance Steel & Aluminum's network of metals service centers operates more than 300 locations across the US and internationally. Through this network, Reliance provides metals processing services and distribute a full line of more than 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products. Reliance Steel & Aluminum was founded in 1939 and is based in Los Angeles, California.

DEAL STATS #
Overall 7 of 23
Sector (Metals/Mining) 5 of 14
Type (Add-on Acquisition) 7 of 22
State (Pennsylvania) 1 of 2
Country (United States) 7 of 21
Year (2010) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-17 PNA Group

Atlanta, Georgia, United States

PNA Group processes steel and distributes it to fabricators, manufacturers and distributors, primarily in the United States.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-03 Lampros Steel

Portland, Oregon, United States

Lampros Steel, Inc. is a distributor of carbon steel plate.

Buy -
Mergr

Product

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