M&A Deal Summary

Reliance Acquires Siskin Steel & Supply Company

On October 2, 1996, Reliance acquired metals/mining company Siskin Steel & Supply Company

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

M&A Deal Summary
Date 1996-10-02
Target Siskin Steel & Supply Company
Sector Metals/Mining
Buyer(s) Reliance
Deal Type Add-on Acquisition

Target

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.

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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 1 of 25
Sector (Metals/Mining) 1 of 16
Type (Add-on Acquisition) 1 of 23
State (Tennessee) 1 of 1
Country (United States) 1 of 23
Year (1996) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-24 Chatham Steel

Savannah, Georgia, United States

Chatham Steel Corp. largest steel service center in Southeast.

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