Reliance Steel & Aluminum Co. announced through a press release that effective October 2, 2017; it acquired all of the common stock of Ferguson Perforating Company through its wholly-owned subsidiary Diamond Manufacturing Company. 

Ferguson manufactures perforated metal parts for numerous applications in domestic and international markets. Ferguson manufactures highly engineered and complex perforated metal for a number of industries like aerospace and automotive to industrial machinery, consumer electronics manufacturers, and sugar producers. The Company is headquartered in Providence, Rhode Island with an additional facility in New Castle, Pennsylvania. Ferguson’s net sales stood at about $31 million at the end of CY 2016. With the takeover, Ferguson’s current CEO will retire while Reliance will retain the rest of the management team.

Commenting on the acquisition, Gregg Mollins, President and Chief Executive Officer of Reliance said,

“Ferguson fits solidly into our growth strategy of acquiring companies with high value-added processing capabilities and furthers our product diversification.”

He also mentioned about the company’s respected position as a perforator and as a provider of highly customized processing solutions. The merger will add Ferguson’s skills to their existing perforator company, Diamond Manufacturing and the company expects to leverage upon the potential opportunities that may arise out of the acquisition. 

Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is the largest metals service company in North America. 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.