Reliance Steel & Aluminum acquires Clayton Metals

Reliance Steel & Aluminum Company announced July 3 that it has completed its purchase of the outstanding capital stock of Clayton Metals Inc., headquartered in Wood Dale, Ill. Terms were not disclosed. Clayton Metals was founded in 1976 and specializes primarily in the processing and distribution of aluminum, stainless steel and red metal flat-rolled products, custom extrusions and aluminum circles through its metals service center locations in Wood Dale, Ill.; Cerritos, Calif.; High Point, N.C.; and Parsippany, N.J.

Clayton Metal’s net sales for the 12 months ended December 31, 2006 were about $123 million. Clayton Metals will operate as a wholly owned subsidiary of Reliance with Donald W. Madl serving as president and chief operating officer.

“The addition of Clayton Metals to our Reliance family provides further diversification of our business that brings new products and customers in important geographic areas. Clayton Metals has an excellent management team in place and we look forward to their continued growth and success,” said David H. Hannah, chief executive officer of Reliance.

Reliance Steel & Aluminum, headquartered in Los Angeles, is one of the largest metals service center companies in the United States. Through a network of more than 180 locations in 37 states and Belgium, Canada, China and South Korea, the company provides value-added metals processing services and distributes a full line of over 100,000 metal products. These products include galvanized, hot-rolled and cold-finished steel; stainless steel; aluminum; brass; copper; titanium and alloy steel sold to more than 125,000 customers in various industries.