M&A Deal Summary

Reliance Acquires Chatham Steel

On June 24, 1998, Reliance acquired metals/mining company Chatham Steel

Acquisition Highlights
  • This is Reliance’s 2nd transaction in the Metals/Mining sector.
  • This is Reliance’s 2nd transaction in the United States.
  • This is Reliance’s 1st transaction in Georgia.

M&A Deal Summary

Date 1998-06-24
Target Chatham Steel
Sector Metals/Mining
Buyer(s) Reliance
Deal Type Add-on Acquisition
Advisor(s) Farlie Turner & Co. (Financial)

Target

Chatham Steel

Savannah, Georgia, United States
Chatham Steel Corp. largest steel service center in Southeast.

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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 2 of 25
Sector (Metals/Mining) 2 of 16
Type (Add-on Acquisition) 2 of 23
State (Georgia) 1 of 3
Country (United States) 2 of 23
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-10-02 Siskin Steel & Supply Company

Chattanooga, Tennessee, United States

Siskin Steel & Supply Company, Inc. is a provider of carbon steel, stainless, aluminum and other non-ferrous metals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-02 Crest Steel

Cypress, California, United States

Crest Steel Corporation provides steel products for manufacturers, fabricators, and heavy construction contractors

Buy -