Full Description

Reliance Steel & Aluminum Co. is a metals service center company. The Company’s network of metals service centers operates more than 200 locations in 38 states, Belgium, Canada, China, Mexico, Singapore, South Korea and the United Kingdom. Through this network, it provides metals processing services and distributes a line of more than 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, titanium, stainless steel and specialty steel products, to more than 125,000 customers in a range of industries. Many of the Company’s metals service centers process and distribute only specialty metals. Reliance Steel & Aluminum Co. delivers products from facilities located across the United States and Canada. In March 2009, New Wave Holdings Ltd. completed the sale of the entire 30% interest in Reliance Pan Pacific Pte. Ltd. (RPP) held by its wholly owned subsidiary, Manufacturing Network Pte Ltd, to the Company.

In August 2008, the Company formed Reliance Metalcenter Asia Pacific Pte. Ltd. (RMAP). On September 17, 2008, RMAP acquired the assets, including the inventory, machinery, and equipment, of the Singapore operation of HLN Metal Centre Pte. Ltd. In August 2008, the Company completed the acquisition of PNA Group Holding Corporation. Effective April 1, 2008, through its subsidiary Service Steel Aerospace Corp., the Company acquired the business of Dynamic Metals International LLC (Dynamic).

Reliance Steel & Aluminum Co. purchases a variety of metals from primary producers and sells these products in small quantities based on its customers’ needs. The Company performed metals processing services, or first-stage processing, on approximately 35% of its sales orders, during the year ended December 31, 2008, before distributing the product to manufacturers and other end-users. During 2008, it handled approximately 21,500 transactions per business day. Reliance Steel & Aluminum Co. provides a variety of processing services to meet each customer’s specifications and deliver products to fabricators, manufacturers and other end users. The Company maintains a variety of products in inventory. For sheet and coil products, it purchases coiled metal from primary producers in the form of a continuous sheet, typically 36 to 60 inches wide, between .015 and .25 inches thick, and rolled into 3- to 20-ton coils.