Los Angeles, California-based Reliance Steel & Aluminum Co. said Thursday that effective October 1, 2012, it has acquired all the outstanding liability company interests of Sunbelt Steel Texas, LLC, a value-added distributor of special alloy steel bar and heavy-wall tubing products to the oil and gas industry. While headquartered in Houston, Texas, Sunbelt also has an additional location in Lafayette, Louisiana.
According to a press release, Sunbelt will operate as a wholly-owned subsidiary of Reliance Steel & Aluminum Co. and current management will remain in place with Michael Kowalski continuing as president.
David H. Hannah, Chairman and CEO of Reliance, noted that "Sunbelt's in-house processing services include deep hold drilling, straightening, and saw cutting with the ability to manufacture heavy-wall tubing from solid bar."