Los Angeles, California-based service center Reliance Steel & Aluminum Co. announced Thursday that through its wholly-owned subsidiary Feralloy Corporation, it has reached an agreement to purchase all of the outstanding stock of GH Metal Solutions, Inc.
GH is located in Fort Payne, Alabama and is a value-added processor and fabricator of carbon steel products. GH's processing equipment includes flat-bed lasers, tube lasers, torches, shears, automatic band saws, CNC press brakes, coil-fed and hand-fed stampers, and robotic and manual welders. The transaction is expected to be finalized within 30 days, subject to customary closing conditions. Terms were not disclosed.