Steel Mills
Reliance Acquires Perforating Company
Written by Sandy Williams
October 9, 2017
Reliance Steel & Aluminum Co. and wholly-owned subsidiary Diamond Manufacturing Co. announced the acquisition of Ferguson Perforating Co., effective Oct. 2. Los Angeles-based Reliance is the largest service center company in North America.
Ferguson specializes in producing highly engineered and complex perforated metal for diverse end markets ranging from aerospace and automotive to industrial machinery, consumer electronics manufacturers, and sugar producers. Its products are used for numerous applications abroad and domestically.
The company is headquartered in Providence, R.I., and operates a second facility in New Castle, Pa. Net sales for 2016 were approximately $31 million.
The chief executive officer of Ferguson will retire while the rest of the management team will remain in place.
“Ferguson fits solidly into our growth strategy of acquiring companies with high-value-added processing capabilities and furthers our product diversification,” commented Gregg Mollins, President and Chief Executive Officer of Reliance. “The company is a very well respected perforator and is known for its ability to provide highly customized and complex processing solutions. Ferguson’s skills complement our existing perforator company, Diamond Manufacturing, and we look forward to the potential opportunities that may arise as a result of this acquisition. We are very pleased to welcome Ferguson to the Reliance family of companies and to expand our presence in this important niche market.”
Sandy Williams
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