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Transactions

Feb. 23, 2000

Reliance Steel Forms New Alloy With Subsidiaries

Arter & Hadden RELIANCE STEEL FORMS NEW ALLOY WITH SUBSIDIARIES Los Angeles' Reliance Steel & Aluminum Co. agreed to acquire the Hagerty Steel division of Peoria, Ill.-based Hagerty Brothers Co.; the company is worth $30 million. Under the terms of the deal, Hagerty Steel will become a subsidiary of Liebovich Bros. Inc. Based in Rockford, Ill., Liebovich is another subsidiary of Reliance. The transaction will be complete by the end of February.

Arter & Hadden
RELIANCE STEEL FORMS NEW
ALLOY WITH SUBSIDIARIES
        
        Los Angeles' Reliance Steel & Aluminum Co. agreed to acquire the Hagerty Steel division of Peoria, Ill.-based Hagerty Brothers Co.; the company is worth $30 million. Under the terms of the deal, Hagerty Steel will become a subsidiary of Liebovich Bros. Inc. ...

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