Feb. 6, 2007 — Reliance Steel & Aluminum has completed its acquisition of the net assets and business of the Encore Group of metals service center companies headquartered in Edmonton, Alta., Canada. Terms were not disclosed.

The all-cash deal includes the acquisition of Encore Metals, Encore Metals (USA), Inc., Encore Coils, and Team Tube in Canada. The group specializes in processing and distributing alloy and carbon bar and tube, as well as stainless steel sheet, plate and bar and carbon steel flat-rolled products, through its 17 facilities located mainly in Western Canada.

Reliance noted that current Encore management will remain in place, and Encore Group will operate as a wholly owned subsidiary of Reliance. According to Reliance, the acquisition will be immediately accretive to earnings.

“We are very pleased to have completed this acquisition and are looking forward to working together with the Encore management team in growing the business,” said David H. Hannah, Reliance’s CEO. “Encore’s emphasis on specialty long products in Western Canada adds further to our diversification strategy in a robust market area.”

Headquartered in Los Angeles, Calif., Reliance Steel & Aluminum Co. is one of the largest metals service center companies in the United States. Through a network of more than 160 locations in 37 states and Belgium, Canada, China and South Korea, the company provides value-added metals processing services and distributes a full line of over 90,000 metal products. Products include galvanized, hot-rolled and cold-finished steel; stainless steel; aluminum; brass; copper; titanium and alloy steel sold to more than 95,000 customers in various industries. Reliance Steel & Aluminum was named to the 2006 Fortune 100 Fastest Growing Companies List and the 2007 Forbes Platinum 400 List of America’s Best Big Companies.

Encore specializes in the processing and distribution of alloy and carbon bar and tube, as well as stainless steel sheet, plate and bar and carbon steel flat-rolled products, through its 17 facilities located mainly in Western Canada. The group was organized in 2004 in connection with the buyout by management and a private equity fund managed by HSBC Capital (Canada) Inc. of certain former Corus CIC and Corus America businesses. Encore’s net sales for the twelve months ended December 31, 2006 were approximately C$259 million.