Metals service center company Reliance Steel & Aluminum Co. said Friday it bought the outstanding capital securities of Diamond Consolidated Industries Inc. and affiliated companies for an undisclosed amount.
The acquired entities include Diamond Manufacturing Co. in Wyoming, Pa., Diamond Manufacturing Midwest in Michigan City, Ind., Perforated Metals Plus located in Charlotte, N.C., and Dependable Punch Corp. located in Wyoming, Pa.
Reliance said the combined sales of the companies for the nine-month period ended Sept. 30 were about $75 million. The purchase expands its business into perforated metals.
