M&A Deal Summary

Reliance Acquires Diamond Consolidated Industries

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

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

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

Target

Diamond Consolidated Industries

Wyoming, Pennsylvania, United States
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

Scottsdale, Arizona, United States
Category Company
Founded 1939
Sector Metals/Mining
Employees15,000
Revenue 14.8B USD (2023)
DESCRIPTION

Reliance is a large metals service center company. Reliance'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 was founded in 1939 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 7 of 25
Sector (Metals/Mining) 5 of 16
Type (Add-on Acquisition) 7 of 23
State (Pennsylvania) 1 of 2
Country (United States) 7 of 23
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

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