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Reliance, Inc.

Formerly	Reliance Steel & Aluminum Co.
Company type	Public company
Traded as	NYSE: RS S&P 400 component
Industry	Metals, Metal fabrication
Founded	February 3, 1939; 85 years ago (1939-02-03) in Los Angeles
Founder	Thomas J. Neilan
Headquarters	Scottsdale, Arizona, U.S.
Key people	Karla R. Lewis (President & CEO) Arthur Ajemyan (CFO) Stephen P. Koch (Executive Vice President) William A. Smith II (General Counsel)
Products	Aluminum Brass Alloy Copper Carbon steel Stainless steel Titanium
Revenue	US$14.805 billion (2023)
Net income	US$1.340 billion (2023)
Total assets	US$10.480 billion (2023)
Total equity	US$7.732 billion (2023)
Number of employees	≈ 15,000 (December 2023)
Website	reliance.com rsac.com
Footnotes / references

Reliance, Inc. (Reliance), headquartered in Scottsdale, Arizona, is the largest metals service center operator in North America. The company provides metals processing services and distributes a line of approximately 100,000 metal products, including aluminum, brass, alloy, copper, carbon steel, stainless steel, titanium, and specialty metal products to 125,000 customers such as fabricators and manufacturers.

The company is ranked 247th on the Fortune 500.

The company network includes over 75 brands, including Phoenix Metals, United Pipe & Steel, Allegheny Steel Distributors, Best Manufacturing, CCC Steel, Delta Steel, EMJ, Feralloy, Infra-Metals Co., KMS Fab LLC and KMS South, Liebovich, Metals USA, National Specialty Alloys, Pacific Metal, Reliance Metalcenter, Siskin Steel, Tube Service, Valex, and Yarde Metals.

History

The company was founded in Los Angeles on February 3, 1939 by Thomas J. Neilan. Originally named Reliance Steel Products Company, the business made and sold steel reinforcing bars (rebar) for the construction industry. In 1944, the name was shortened to Reliance Steel Company.

On September 14, 1994, the company became a public company via an initial public offering.

Reliance Steel & Aluminum Co. changed the company name to Reliance, Inc. on February 15, 2024.

Acquisitions

References

1. "Reliance Steel & Aluminum Co. 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
2. "Reliance Steel & Aluminum". Fortune. Fortune.
3. "Our family of companies - Reliance, Inc". Reliance, Inc.
4. "Reliance Steel: Our History". Reliance Steel.
5. "Reliance Steel & Aluminum Co. To Ring The New York Stock Exchange Closing Bell" (Press release). PR Newswire. August 14, 2014.
6. "Reliance, Inc. reports fourth quarter and full year 2023 financial results and unveils corporate rebranding". Nasdaq.
7. "The History of Service Steel Aerospace". Service Steel Aerospace.
8. "Reliance Steel to Buy Pitt-Des Moines Unit". Los Angeles Times. Bloomberg News. May 22, 2001.
9. "Los Angeles company will buy Central Plains Steel". American City Business Journals. March 29, 2002.
10. "Reliance Steel & Aluminum buys Precision Strip". American City Business Journals. July 2, 2003.
11. "Earle M. Jorgensen Company Signs Agreement to Be Acquired by Reliance Steel & Aluminum Co" (Press release). Business Wire. January 18, 2006.
12. "Platinum Equity Completes Sale of PNA Group" (Press release). Platinum Equity. August 4, 2008.
13. "Reliance Steel & Aluminum Acquires Dynamic Metals". MDM. April 3, 2008.
14. "Diamond Manufacturing sold to Calif. company". The Times of Northwest Indiana. October 2, 2010.
15. "Reliance Steel & Aluminum Co. Acquires Lampros Steel, Inc" (Press release). U.S. Securities and Exchange Commission. December 3, 2010.
16. "Reliance Steel & Aluminum Co. Acquires Continental Alloys & Services, Inc" (Press release). Business Wire. August 3, 2011.
17. "Reliance Steel & Aluminum Co. Acquires McKey Perforating Co., Inc" (Press release). Business Wire. February 1, 2012.
18. "Reliance Steel & Aluminum Co. Acquires National Specialty Alloys, LLC" (Press release). Business Wire. April 4, 2012.
19. "Reliance Steel & Aluminum Co. Acquires the Assets of Airport Metals (Australia)" (Press release). Business Wire. July 9, 2012.
20. "Reliance Steel & Aluminum Co. Acquires Sunbelt Steel Texas, LLC" (Press release). Business Wire. October 3, 2012.
21. "Reliance Steel & Aluminum Co. Acquires GH Metal Solutions, Inc" (Press release). Business Wire. October 4, 2012.
22. "Reliance Steel & Aluminum Co. Completes Acquisition of Metals USA Holdings Corp" (Press release). Business Wire. April 15, 2013.
23. "Reliance Steel & Aluminum Co. Completes Acquisition of Haskins Steel Co., Inc" (Press release). Business Wire. November 1, 2013.
24. "Reliance Steel & Aluminum Co. Completes Acquisition Of Northern Illinois Steel Supply Co" (Press release). PR Newswire. August 1, 2014.
25. "Reliance Steel & Aluminum Co. Completes Acquisition Of Fox Metals And Alloys, Inc" (Press release). PR Newswire. December 2, 2014.
26. "Reliance Steel & Aluminum Co. Completes Acquisition Of Tubular Steel, Inc" (Press release). PR Newswire. January 5, 2016.
27. "Reliance Steel & Aluminum Co. Completes Acquisition Of Best Manufacturing, Inc" (Press release). PR Newswire. April 4, 2016.
28. "Reliance Steel & Aluminum Co. Completes Acquisition Of Alaska Steel Company" (Press release). PR Newswire. August 2, 2016.
29. "Reliance Steel & Aluminum Co. Completes Acquisitions of KMS Fab, LLC and KMS South, Inc" (Press release). Globe Newswire. August 1, 2018.
30. "Reliance Steel & Aluminum Co. Completes Acquisition of Merfish United". GlobeNewswire News Room. 2021-10-04. Retrieved 2024-03-18.
31. "United Pipe & Steel Corp. Returns | phcppros". www.phcppros.com. Retrieved 2024-03-18.

External links

• Official website
• Business data for Reliance, Inc.:
  • Bloomberg
  • Google
  • SEC filings
  • Yahoo!

• Aluminum companies of the United States
• Companies based in St. Johns, Portland, Oregon
• Companies listed on the New York Stock Exchange
• Metal companies of the United States
• Manufacturing companies based in Los Angeles
• Manufacturing companies established in 1939
• Steel companies of the United States
• 1939 establishments in California
• 1994 initial public offerings
• Companies in the S&P 400