Reliance Steel & Aluminum Co. Completes Acquisitions of KMS Fab, LLC and KMS South, Inc.
4 August 2018
Reliance Steel & Aluminum Co announced that effective today it has acquired all of the issued and outstanding equity ownership interests of KMS Fab, LLC and KMS South, Inc.The KMS Companies specialize in precision sheet metal fabrication ranging from prototypes to large production runs utilizing a wide variety of metals and fabrication methods including laser cutting, stamping, turret punching, machining, powder coating and welding. KMS Fab, LLC was founded in 1954 in Luzerne, Pennsylvania and KMS South, Inc. was founded in 1987 in West Columbia, South Carolina. For the fiscal year ended December 31, 2017, the KMS Companies’ combined net sales were $23.3 million. The terms of the transaction were not disclosed.
“Our acquisition of the KMS Companies fits well with our growth strategy of acquiring and investing in businesses that perform high levels of value-added processing,” commented Gregg Mollins, President and Chief Executive Officer of Reliance. “The KMS Companies have a longstanding record of investing in state-of-the-art technologies to provide customers with timely delivery of the highest quality parts which aligns with Reliance’s core business principles. We are thrilled to welcome the KMS team to the Reliance family of companies.”