Add-on Acquisition • Metals/Mining

Reliance Acquires Siskin Steel & Supply Company

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date October 2, 1996
Target Siskin Steel & Supply Company
Sector Metals/Mining
Buyer(s) Reliance
Deal Type Add-on Acquisition

Target Company

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 Overview 1

Buyer

Reliance

Scottsdale, Arizona, United States

Category Company
Founded 1939
Sector Metals/Mining
Employees15,900
Revenue 13.8B USD (2024)
DESCRIPTION

Reliance is a 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 distributes 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 Context for Buyer #
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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