Los Angeles-based Reliance Steel Aluminum Co. announced Tuesday that it has acquired all of the outstanding capital stock of Tubular Steel, Inc. a distributor and processor of carbon, alloy and stainless steel pipe, tubing and bar products.
Headquartered in St. Louis, Missouri, and founded in 1953, TSI stocks over 60,000 tons and ships over 2 million custom-cut lengths of pipe, tubing and bar products annually from its seven service center locations across the United States. TSI also has a fabrication business located in the St. Louis area that supports its diverse customer base.
For the year ended Dec. 31, 2014, TSI’s net sales were approximately $200 million. TSI will operate as a wholly owned subsidiary of Reliance Steel Aluminum Co. and current management will remain in place.
The terms of the acquisition were not disclosed.
—City News Service