Dec. 7, 2006 — Reliance Steel & Aluminum Co. has reached an agreement to acquire Industrial Metals and Surplus, Inc., a metals service center company headquartered in Atlanta, Ga., as well as a related company, Athens Steel, Inc., located in Athens, Ga. Terms of the deal were not disclosed.

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

Management teams at Industrial Metals and Athens Steel are expected to remain in place, and the transaction is expected to be finalized within 30 days.

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.

The company was named to the 2006 Fortune 100 Fastest Growing Companies List and the Forbes Platinum 400 List of America’s Best Big Companies.