09:05 AM EDT, 04/02/2024 (MT Newswires) -- Reliance (RS) said Tuesday that it has acquired all of the outstanding equity interests of Mid-West Materials, a flat-rolled steel service provider.

Financial terms of the deal were not disclosed. Mid-West Materials generated $87 million in 2023 sales, Reliance said.

Reliance said the acquisition increases its presence in markets in and around Ohio, expands its offerings, and is "immediately accretive" to its earnings.

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