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December 14, 2000 | JERRY HIRSCH, TIMES STAFF WRITER
Metal distributor Reliance Steel & Aluminum continued its drive to diversify its business nationally, announcing on Wednesday a deal to acquire two related companies in Illinois and Minnesota. The acquisition, Reliance's third expansion into the Midwest since March 1999, builds on a strategy that Wall Street has taken a shine to. Its shares have risen 25% over the last year, a period when stocks of competitors slumped.
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BUSINESS
December 14, 2000 | JERRY HIRSCH, TIMES STAFF WRITER
Metal distributor Reliance Steel & Aluminum continued its drive to diversify its business nationally, announcing on Wednesday a deal to acquire two related companies in Illinois and Minnesota. The acquisition, Reliance's third expansion into the Midwest since March 1999, builds on a strategy that Wall Street has taken a shine to. Its shares have risen 25% over the last year, a period when stocks of competitors slumped.
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