07 AUGUST 2014Azom.com
Aluminium Services UK Limited acquired by Reliance Steel & Aluminum
Edited by : AL CIRCLE
1 min read
Reliance Steel & Aluminum Co. announced that, effective August 1, 2014, it has acquired all of the capital stock of Aluminium Services UK Limited, the holding company parent of All Metal Services ("AMS"), the world's largest independent raw material service provider to the aerospace and defense industries.
AMS will operate as a wholly-owned subsidiary of Reliance Steel & Aluminum Co., through UK holding companies. Current management will remain in place. Additional transaction terms were not disclosed.
"We are excited to expand our aerospace presence in this growing market," said David H. Hannah, Chairman and CEO of Reliance. "This acquisition is especially attractive given the current and anticipated growth of the global aerospace industry. AMS is a well-established and trusted supplier to the aerospace and defense markets and we look forward to continuing to support their existing global customer base while maximizing opportunities for growth."
AMS will operate as a wholly-owned subsidiary of Reliance Steel & Aluminum Co., through UK holding companies. Current management will remain in place. Additional transaction terms were not disclosed.
"We are excited to expand our aerospace presence in this growing market," said David H. Hannah, Chairman and CEO of Reliance. "This acquisition is especially attractive given the current and anticipated growth of the global aerospace industry. AMS is a well-established and trusted supplier to the aerospace and defense markets and we look forward to continuing to support their existing global customer base while maximizing opportunities for growth."
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
JLR still tops when it comes to aluminum
Next articleEncore Wire to expand Texas plant
Grow with
AL Circle
