Reliance steel & aluminum co. acquires cooksey iron & metal co., inc.

Scottsdale, ariz., feb. 02, 2024 (globe newswire) -- reliance steel & aluminum co. (nyse: rs) announced that it has acquired all the outstanding equity interests of cooksey iron & metal co., inc. (“cooksey”), a metals service center that processes and distributes finished steel products, including tubing, beams, plates and bars. headquartered in tifton, georgia and founded in 1917, cooksey operates three locations, servicing a diverse range of customers including trailer manufacturers, metal building fabricators, agricultural equipment manufacturers, structural fabricators, machine shops and others in georgia, florida, alabama and south carolina. cooksey will operate as a subsidiary of metals usa, a wholly owned subsidiary of reliance. the current management team will remain in place. for the twelve months ended december 31, 2023, annual net sales for cooksey were approximately $90 million. the terms of the transaction were not disclosed.
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