Reliance targets acquisitions for growth
Apr 27, 2012 | 06:16 PM
| Corinna Petry
Tags
Reliance Steel & Aluminum,
energy play,
David Hannah,
Karla Lewis,
Continental Alloys,
National Specialty Alloys,
acquisitions,
Corinna Petry
CHICAGO — Reliance Steel & Aluminum Co. has consistently tried to grow the value-added, high-margin component of its business. Now it’s doing so with its acquisition choices, but it’s paying more in the process.
Earlier this month, for example, Reliance bought Houston-based National Specialty Alloys LLC (NSA), a multibranch processor and distributor of stainless and nickel alloy bars and shapes, Reliance chairman and chief executive officer David H. Hannah said during a conference call. NSA sells to energy, aerospace, utility and other markets.....
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