Reliance Steel & Aluminum to Acquire Continental Alloys & Services; Terms Not Disclosed

Reliance Steel & Aluminum Co. RS announced today that it has reached an agreement to purchase all of the outstanding capital securities of Continental Alloys & Services, Inc., headquartered in Houston, Texas and certain affiliated companies. Continental and its affiliates had unaudited combined net sales of approximately $196 million for the six months ended June 30, 2011. The transaction is expected to be finalized within 30 days, subject to customary closing conditions. Terms were not disclosed.