Reliance steel & aluminum co. acquires rotax metals, inc.

Los angeles, dec. 20, 2021 (globe newswire) -- reliance steel & aluminum co. (nyse:rs) announced that it has acquired rotax metals, inc. (“rotax”), a metals service center specializing in copper, bronze and brass alloys. founded in 1947 and located in brooklyn, new york, rotax services a diverse customer base including distributors, manufacturers and the commercial and residential construction markets, emphasizing local customer relationships and next-day delivery. for the twelve months ended july 31, 2021, annual net sales for rotax were approximately $14 million. the terms of the transaction were not disclosed. rotax will operate as a subsidiary of yarde metals, inc., a wholly owned subsidiary of reliance.
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