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Reliance, Inc. completes acquisition of MidWest Materials Inc. to strengthen its position as a leading metals solutions provider

Apr 02, 2024•over 1 year ago

Acquiring Company

Reliance

Acquired Company

MidWest Materials

ScottsdaleOhioMineralPrecious MetalsMiningManufacturing

Description

Reliance, Inc., a diversified metals solutions provider, has successfully acquired MidWest Materials Inc., a premier flat-rolled steel service center catering to North American original equipment manufacturers (OEMs). This acquisition reinforces Reliance's commitment to enhancing its capabilities and market presence as a global leader in the metals industry.

Company Information

Company

Reliance

Location

Scottsdale, Arizona, United States

About

Reliance, Inc. is a leading global diversified metal solutions provider and the largest metals service center company in North America. Established in 1939, Reliance provides a wide range of value-added metals processing services and distributes over 100,000 metal products to more than 125,000 customers across various industries through a vast network of locations.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed