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Prosperity fuels M&A activity.

Publication: Metal Center News
Publication Date: 01-JUN-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: Prosperity fuels M&A activity.(Mergers and acquisitions)(Chapel Steel Corp.)

Article Excerpt
Most service center executives feel like winners today, coming off a record year for industry revenues in 2004. For some, though, it's an unsatisfying victory, like notching a win against a team that has to forfeit.

Some companies more than doubled their revenues last year--not because their hard work doubled the number of customers or the tons they shipped, but simply because the price of metal increased so dramatically.

To cite just one example, Reliance Steel & Aluminum sold 4.3 percent more tons...

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