Jan. 8, 2007 — Reliance Steel & Aluminum’s wholly owned subsidiary, Siskin Steel & Supply Co. has completed its acquisition of Industrial Metals and Surplus, Inc., a metals service center company headquartered in Atlanta, Ga., and a related company, Athens Steel, Inc., located in Athens, Ga. Terms of the deal were not disclosed.

Reliance says the all-cash deal will be immediately accretive to the company’s earnings.

Industrial Metals will operate as a wholly owned subsidiary of Siskin. Siskin’s Georgia Steel Supply Co. division located in Atlanta will be combined with the Industrial Metals operations. The management teams of both Industrial Metals and Athens Steel will remain in place.

“We believe that joining with Reliance will provide more opportunities to create sustainable growth and improved operating performance.”, said Edwin Rothberg, President of Industrial Metals.

“This acquisition allows us to expand our presence in an important market and to better serve our growing customer base with the addition of Industrial Metals’ larger, more efficient facility,” commented Reliance CEO David H. Hannah

Founded in 1978, Industrial Metals specializes in the processing and distribution of carbon steel structurals, flat-rolled and ornamental iron products. Net sales (including Athens Steel) for the 2005 fiscal year were approximately $72 million.

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. These 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.