Reportedly, Reliance Steel & Aluminum, California-based service center has acquired Metals USA for US$20.65 per share in cash. Accordingly, Metals USA has become a wholly-owned subsidiary of Reliance Steel & Aluminum. Besides, the merger brings a total of 48 service centers throughout the US to Reliance Steel & Aluminum.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63963&division=A9