Reliance Steel & Aluminum Co. announced Friday that, through its wholly-owned subsidiary American Metals Corporation, it has acquired all of the capital stock of Haskins Steel Co., Inc. ("Haskins"), located in Spokane, Washington. Founded in 1955, Haskins processes and distributes primarily carbon steel and aluminum products of various shapes and sizes to a diverse customer base in the Pacific Northwest. Their in-house processing capabilities include shearing, sawing, burning and forming. Net sales for Haskins were approximately $31.5 million in the 12 months ended December 31, 2012. Haskins will operate as a wholly-owned subsidiary of American Metals Corporation. Current management will remain in place. Terms were not disclosed.
"Haskins will enhance American Metals' penetration into this geographic area where American Metals did not previously have a physical presence," said David H. Hannah, Chairman and CEO of Reliance.
