Reliance Steel & Aluminum Co. (NYSE: RS) is buying Haskins Steel Co. Inc.
Spokane, Wash.-based Haskins processes and distributes carbon steel and aluminum products to customers in the Pacific Northwest. The company provides shearing, sawing, burning and forming services. Terms of the deal were not disclosed.
Reliance made the deal through subsidiary American Metals Corp. Haskins will operate as a wholly-owned subsidiary of American Metals.
The deal gives American Metals a physical presence in the Pacific Northwest.
Reliance, headquartered in Los Angeles, operates metal service centers. In April, the company closed a $786 million deal for Metals USA Holdings Corp.