Steel Firm to Purchase Competitor.Los Angeles-based metals distributor Reliance Steel & Aluminum Co. announced it will buy rival Pitt-Des Moines Inc.'s steel distribution business. Terms of the deal were not disclosed dis·close tr.v. dis·closed, dis·clos·ing, dis·clos·es 1. To expose to view, as by removing a cover; uncover. 2. To make known (something heretofore kept secret). . Pitt-Des Moines has seven distribution centers in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , Nevada Nevada (nəvăd`ə, –vä–), far western state of the United States. It is bordered by Utah (E), Arizona (SE), California (SW, W), and Oregon and Idaho (N). , Utah, Washington Washington, town, England Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area. and Iowa that had combined sales last year of $216 million. Reliance Steel, which had sales of $1.73 billion last year, said the acquisition will increase its network to 87 distributors in 25 states. |
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