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Zacks reports that Reliance Steel & Aluminum Co. (NYSE:RS) to acquire Continental Alloys & Services Inc. and some affiliated companies for an undisclosed amount.

Zacks reports that Reliance Steel & Aluminum Co. (NYSE:RS) to acquire Continental Alloys & Services Inc. and some affiliated companies for an undisclosed amount.

The market news is quoted as saying:

In April, Reliance Steel reported its first-quarter 2011 financial results. Net income was $92.3 million or $1.23 per share in the first quarter of 2011 compared with $44.7 million or $0.60 per share in the prior-year quarter.

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