Reliance Inc

NYSE:RSUnited States

Jul 15, 2024

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• Reliance Agrees to Acquire FerrouSouth's Tolling Assets, from 7:34AM ET on Monday Jul 15, 2024 by MT Newswires

  7:34AM ET on Monday Jul 15, 2024 by MT Newswires
  Companies Mentioned: RS
  07:34 AM EDT, 07/15/2024 (MT Newswires) -- Reliance (RS) said Monday it has agreed to acquire certain assets from Ferragon's FerrouSouth division, a toll processing operation in Iuka, Mississippi. FerrouSouth tolling operations will become a divisio...

• Reliance, Inc. Agrees to Acquire Tolling Assets from FerrouSouth, from 6:50AM ET on Monday Jul 15, 2024 by GlobeNewswire

  6:50AM ET on Monday Jul 15, 2024 by GlobeNewswire
  Companies Mentioned: RS

• Press Release: Reliance, Inc. Agrees to Acquire Tolling Assets from FerrouSouth, from 6:50AM ET on Monday Jul 15, 2024 by Dow Jones

  6:50AM ET on Monday Jul 15, 2024 by Dow Jones
  Companies Mentioned: RS
  
  Reliance, Inc. Agrees to Acquire Tolling Assets from FerrouSouth
  
  SCOTTSDALE, Ariz., July 15, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced that it has reached an agreement to purchase certain assets of the FerrouSouth division of Ferragon Corporation ("FerrouSouth"), a premier toll processing operation headquartered in Iuka, Mississippi. In addition to offering high quality flat-rolled steel processing, FerrouSouth provides logistics services including shipping and warehousing solutions within the rapidly growing Southeastern market. The FerrouSouth operations will operate as a division of Feralloy Corporation, a wholly owned subsidiary of Reliance. For the twelve months ended December 31, 2023, annual net sales for the select tolling operation were approximately $15 million. The terms of the transaction were not disclosed. The transaction is expected to close within the next 30 days, subject to customary closing conditions.
  

• Reliance, Inc. Agrees to Acquire Tolling Assets from FerrouSouth, from 6:50AM ET on Monday Jul 15, 2024 by Dow Jones

  6:50AM ET on Monday Jul 15, 2024 by Dow Jones
  Companies Mentioned: RS
  
  Reliance, Inc. Agrees to Acquire Tolling Assets from FerrouSouth
  
  SCOTTSDALE, Ariz., July 15, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced that it has reached an agreement to purchase certain assets of the FerrouSouth division of Ferragon Corporation ("FerrouSouth"), a premier toll processing operation headquartered in Iuka, Mississippi. In addition to offering high quality flat-rolled steel processing, FerrouSouth provides logistics services including shipping and warehousing solutions within the rapidly growing Southeastern market. The FerrouSouth operations will operate as a division of Feralloy Corporation, a wholly owned subsidiary of Reliance. For the twelve months ended December 31, 2023, annual net sales for the select tolling operation were approximately $15 million. The terms of the transaction were not disclosed. The transaction is expected to close within the next 30 days, subject to customary closing conditions.