Reliance Steel & Aluminum Co. on Thursday said it signed an agreement to acquire Continental Alloys & Services Inc., which makes products for the oil and gas industry.

Reliance Steel of Los Angeles is considered North America’s largest operator of metal service centers. It distributes more than 100,000 metal products. Continental Alloys of Houston is a privately held company specializing in high-end steel and alloy pipe, tube and bar products and precision tool manufacturing.

The deal includes certain affiliates of Continental, which combined had unaudited net sales of about $196 million for the six months ended June 30. The company has 12 locations in the United States, Canada, United Kingdom, Singapore, Malaysia, Dubai and Mexico.

Financial terms were not disclosed. The deal is expected to close in 30 days.

Reliance shares were up 3 cents, or less than 1 percent, to $48.70 in midday trading on the New York Stock Exchange.