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Slide #17. Reliance Steel & Aluminum Co. — Haskins Steel Co., Inc.
Reliance Steel & Aluminum Co. (NYSE:RS)
Haskins Steel Co., Inc.
Reliance Steel & Aluminum Co. (NYSE:RS) announced today that, through its wholly-owned subsidiary American Metals Corporation, it has acquired all of the capital stock of Haskins Steel Co., Inc. ("Haskins"), located in Spokane, Washington. Founded in 1955, Haskins processes and distributes primarily carbon steel and aluminum products of various shapes and sizes to a diverse customer base in the Pacific Northwest. Their in-house processing capabilities include shearing, sawing, burning and forming. Net sales for Haskins were approximately $31.5 million in the twelve months ended December 31, 2012. Haskins will operate as a wholly-owned subsidiary of American Metals Corporation. Current management will remain in place. Terms were not disclosed.
Reliance Steel & Aluminum is a metals service center company. Co. provides metals processing services and distributes a line of metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products, to its customers in a range of industries, including general manufacturing, non-residential construction (including infrastructure), transportation (rail, truck trailer and shipbuilding), aerospace and defense, energy (oil and gas), electronics and semiconductor fabrication, and heavy industry (agricultural, construction and mining equipment). Co. also services the auto industry, primarily through its toll processing operations.
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