NEW YORK Reliance Steel & Aluminum Co. has acquired the capital stock of Aluminium Services UK Ltd., the holding company that owns All Metal Services Ltd. (AMS), a major independent raw materials service provider to the aerospace and defense industries.
The purchase price was not disclosed.
AMS provides materials management solutions to leading aerospace and defense original equipment manufacturers and their subcontractors, supporting customers in more than 40 countries, according to Reliance. The company has five locations in the United Kingdom, as well as sites in France, Malaysia and China.
"We are excited to expand our aerospace presence in this growing market," Reliance chairman and chief executive officer David H. Hannah said in a statement Aug. 4. "This acquisition is especially attractive, given the current and anticipated growth of the global aerospace industry. AMS is a well-established and trusted supplier to the aerospace and defense markets, and we look forward to continuing to support their existing global customer base while maximizing opportunities for growth."
London-based AMS also provides a broad range of aerospace metals, including aluminum, steel, titanium, nickel alloys and aluminum bronze, offering full or cut-to-size materials, Reliance said.
AMS will operate as a wholly owned subsidiary of Reliance Steel & Aluminum through U.K. holding companies.
Los Angeles-based Reliance Steel & Aluminum, the largest metals service center in North America, distributes over 100,000 metals products to more than 125,000 customers in a broad range of industries.
The company also recently acquired Channahon, Ill.-based Northern Illinois Steel Supply Co., a value-added distributor and fabricator of steel and nonferrous metals products (amm.com, Aug. 1).