Reliance Steel & Aluminum Co. Completes Acquisition of DuBose National Energy Services, Inc. and DuBose National Energy Fasteners & Machined Parts, In

Reliance Steel & Aluminum Co. (NYSE:RS) announced that effective March 1, 2018, it has acquired all of the issued and outstanding capital stock of DuBose National Energy Services, Inc. (“DuBose Energy”) and its affiliate, DuBose National Energy Fasteners & Machined Parts, Inc. (“DuBose Fasteners”).  DuBose Energy and DuBose Fasteners specialize in global fabrication, supply and distribution of metal and metal products to the nuclear industry, including utilities, component manufacturers and contractors. DuBose Energy was founded in 1990 and is headquartered in Clinton, North Carolina. DuBose Fasteners was founded in 2010 and is headquartered in Cleveland, Ohio. For the fiscal year ended June 30, 2017, the Companies’ combined net sales were $36.3 million. The terms of the transaction were not disclosed.

“Our acquisitions of DuBose Energy and DuBose Fasteners align with our growth strategy of acquiring niche businesses that provide specialty products with high levels of value-added processing capabilities at attractive returns,” commented Gregg Mollins, President and Chief Executive Officer of Reliance. “The DuBose companies have consistently grown their fabrication capabilities over the past several years and we look forward to expanding our presence in this important market.  DuBose has a solid reputation in the industry, backed by a strong management team that fits well with the Reliance culture. I couldn’t be more pleased to welcome them to the Reliance family of companies.”