CHICAGO Reliance Steel
& Aluminum Co. has acquired substantially all the assets of
an Australia-based distributor of aircraft materials and
Through newly formed subsidiary
Bralco Metals (Australia) Pty Ltd., Reliance purchased the
assets of Melbourne-based service center Airport Metals
(Australia) Pty Ltd., a subsidiary of Mississauga,
Ontario-based Samuel Son & Co. Ltd. The terms of the deal
were not disclosed.
"This strategic asset purchase
will allow our existing Bralco Metals business to have a
physical presence in the Australian market, where they
currently service aircraft and other key customers from our
U.S. operations," Reliance chairman and chief executive officer
David H. Hannah said in a statement Monday. "This is our first
entry into Australia, and we are excited to leverage the strong
reputation that Airport Metals has built in the area."
In 2011, Los Angeles-based
Reliance acquired steel and alloy pipe, tube and bar
distributor Continental Alloys & Services Inc.; earlier
this year, it purchased metals fabricator McKey Perforating Co.
Inc., processor and distributor National Specialty Alloys LLC
and a Vonore, Tenn., toll processing facility previously owned
by Worthington Industries Inc.
Reliance operates service
centers across North America, Europe, Asia and the Middle East;
45 percent of its sales are aluminum, stainless steel and alloy
products, according to its 2012 annual meeting