Reliance Steel & Aluminum Co. Acquires Dynamic Metals International, LLC
Posted on: Wednesday, 2 April 2008, 09:00 CDT
Reliance Steel & Aluminum Co. (NYSE:RS) announced today that on April 1, 2008, it acquired Dynamic Metals International, LLC based in Bristol, CT. Dynamic was founded in 1999 and is a specialty metal distributor. Dynamic's 2007 revenues were approximately $11 million. Dynamic will operate as a subsidiary of Service Steel Aerospace Corp. headquartered in Tacoma, WA. "This strategic acquisition expands our existing Service Steel Aerospace specialty product offerings," said David H. Hannah, Chairman and Chief Executive Officer.
Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is one of the largest metals service center companies in the United States. Through a network of more than 180 locations in 37 states and Belgium, Canada, China, South Korea and the United Kingdom, the Company provides value-added metals processing services and distributes a full line of over 100,000 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 125,000 customers in various industries.
Reliance Steel & Aluminum Co.'s press releases and additional information are available on the Company's web site at www.rsac.com. The Company was named to the 2007 "Fortune 500" List, the Fortune 2007 "100 Fastest Growing Companies" List, the Fortune 2008 List of "America's Most Admired Companies" the 2008 Forbes "America's Best Managed Companies" List, and the 2008 Forbes "Platinum 400 List of America's Best Big Companies." This release may contain forward-looking statements relating to future financial results. Actual results may differ materially as a result of factors over which Reliance Steel & Aluminum Co. has no control. These risk factors and additional information are included in the Company's Annual Report on Form 10-K for the year ended December 31, 2007 and other reports on file with the Securities and Exchange Commission.
Source: Business Wire
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