Reliance Steel & Aluminum Buys Fox Metals And Alloys - Quick Facts

(RTTNews) - Reliance Steel & Aluminum Co. (RS) announced it has acquired all of the capital stock of Fox Metals and Alloys, Inc., a steel distributor specializing in alloy, carbon and stainless steel bar and plate products, primarily servicing OEMs and machine shops who manufacture or support the manufacturing of equipment for the oil, gas and petrochemical industries. Fox will operate as a wholly-owned subsidiary of Reliance Steel & Aluminum Co. Additional terms were not disclosed.

Fox, located in Houston, Texas, began operations in 1985. Fox's in-house processing services include saw cutting, plate burning and testing. Net sales for Fox were approximately $50.5 million for the twelve months ended December 31, 2013.