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

PUBLIC · RSApr 02, 2024

Acquiring Company

Reliance

Acquired Company

MidWest Materials

ScottsdaleOhioManufacturingMiningPrecious MetalsMineral

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.

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Frequently asked

Who acquired MidWest Materials?

MidWest Materials was acquired by Reliance, based in Scottsdale. The deal was reported on April 2, 2024. Reliance, Inc. is a leading global diversified metal solutions provider and the largest metals service center company in North America. Reliance is publicly traded (RS) and operates in Manufacturing.

When did Reliance acquire MidWest Materials?

Reliance's acquisition of MidWest Materials was reported on April 2, 2024. 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). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does MidWest Materials do?

MidWest Materials Inc. is a premier flat-rolled steel service center for North American original equipment manufacturers (OEMs). It is privately held, and is based in Ohio.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.