NORTH AMERICA HEADLINESNorth America
Reliance Steel & Aluminum Acquires McKey Perforating Company
Feb. 2, 2012 Reliance Steel & Aluminum Co. announced completion of the acquisition of McKey Perforating Co., Inc. headquartered in New Berlin, Wis., and its subsidiary McKey Perforated Products Co., Inc. located in Manchester, Tenn. Details of the transaction were not disclosed.
The acquisition was completed through Reliance’s wholly owned subsidiary Diamond Manufacturing Company.
Founded in 1867, McKey is a contract manufacturer that provides a full range of metal perforating and fabrication services to customers located primarily in the U.S. For the year 2011, McKey’s net sales were approximately $18 million.
“McKey is well-known for quality within the perforated metals industry and will work closely with Diamond to further leverage their combined expertise in that market. We look forward to further expanding our presence within the perforated metal market, which is a high return and value-added end market,” said David H. Hannah, Chairman and CEO of Reliance.
Reliance noted that Jean McKey will continue in her role of President of McKey Perforating.
Headquartered in Los Angeles, Calif., Reliance Steel & Aluminum is a leading North American metals service center company. Through a network of more than 200 locations in 38 states and Belgium, Canada, China, Malaysia, Mexico, Singapore, South Korea, the U.A.E. and the United Kingdom, the company provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries.
The company was named to the 2010 “Fortune 500” List and the 2010 Fortune List of “The World’s Most Admired Companies.”