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RELIANCE STEEL & ALUMINUM CO. COMPLETES ACQUISITION OF METALS USA HOLDINGS CORP.

April 15, 2013 -- Reliance has completed the previously announced acquisition of Metals USA Holdings Corp. (“Metals USA”) for $20.65 per share in cash, pursuant to which Metals USA has become a wholly-owned subsidiary of Reliance. This acquisition adds a total of 48 service centers, strategically located throughout the United States, to Reliance's existing operations and complements its existing customer base, product mix, and geographic footprint.

“We are very pleased to welcome Metals USA to the Reliance family of companies,” said David H. Hannah, Chairman and Chief Executive Officer of Reliance. “This transaction is expected to be immediately accretive and we believe that the combined company is well positioned to continue to outperform the broader metals service center industry.”

Effective with the closing, Lourenco Goncalves retired as Chairman, President and Chief Executive Officer of Metals USA. Robert C. McPherson III will be promoted to President and Chief Executive Officer of Metals USA. In addition, Roger Krohn will be promoted to Senior Vice President and Chief Operating Officer of Metals USA.

RELIANCE STEEL & ALUMINUM CO. ANNOUNCES AGREEMENT TO ACQUIRE METALS USA HOLDINGS CORP.

February 6, 2013 -- Reliance Steel & Aluminum Co. (NYSE:RS) and Metals USA Holdings Corp. (NYSE:MUSA) announced a definitive merger agreement whereby Reliance Steel & Aluminum Co. (“Reliance”) will acquire all outstanding shares of Metals USA Holdings Corp. (“Metals USA”) for $20.65 per share in cash, representing an enterprise value of approximately $1.2 billion. The transaction is expected to close in the second quarter of 2013. Upon completion of the acquisition, Reliance will have total assets of over $6.5 billion and annual sales of over $10.0 billion.

The transaction has been unanimously approved by the respective Boards of Directors of Reliance and Metals USA, and is now subject to approval by Metals USA stockholders, along with the receipt of regulatory clearances and the satisfaction of other customary closing conditions, including a 30-day “go-shop” period. David H. Hannah, Chairman and Chief Executive Officer of Reliance, will continue as Chairman and Chief Executive Officer of the combined company. Lourenco Goncalves, Chairman, President and Chief Executive Officer of Metals USA will retire upon closing of the transaction. Reliance plans to operate Metals USA under its current brand names, enabling the retention of Metals USA's brand equity while allowing the combined organization to capitalize on the resources, capabilities and leading practices of each entity, benefiting all stakeholders.

Please see the full press release for additional information, including details about forward-looking statements.

RELIANCE STEEL & ALUMINUM CO. ACQUIRES GH METAL SOLUTIONS, INC.

Effective October 1, 2012 -- Through its wholly-owned subsidiary Feralloy Corporation, Reliance Steel & Aluminum Co (NYSE:RS) completed the acquisition of all the outstanding capital stock of GH Metal Solutions, Inc., a value-added processor and fabricator of carbon steel products located in Fort Payne, Alabama. GH founded in 1958 and has grown its processing equipment to include flat-bed lasers, tube lasers, torches, shears, automatic band saws, CNC press brakes, coil-fed and hand-fed stampers, robotic and manual welders, and a painting line. For the year 2011, GH's sales were approximately $44 million. GH will operate as a wholly-owned subsidiary of Feralloy Corporation. Current management will remain in place. Terms were not disclosed.
“GH is a high value add processor of metal products that will allow Feralloy to better serve the increasing demands of its diverse customer base. GH has a great reputation in their market for its engineering, customer service and laser operating expertise,” said David H. Hannah, Chairman and CEO of Reliance.

RELIANCE STEEL & ALUMINUM CO. ACQUIRES SUNBELT STEEL TEXAS, LLC

Effective October 1, 2012, Reliance Steel & Aluminum Co. (NYSE:RS) has acquired all the outstanding limited liability company interests of Sunbelt Steel Texas, LLC, a value added distributor of special alloy steel bar and heavy-wall tubing products to the oil and gas industry. Sunbelt was founded in 1986 and is now headquartered in Houston, Texas, with an additional location in Lafayette, Louisiana. Sunbelt will operate as a wholly-owned subsidiary of Reliance Steel & Aluminum Co. with current management will remain in place; Michael Kowalski will continue as President. Terms were not disclosed.
“We are excited to add Sunbelt Steel Texas, LLC to the Reliance Family of Companies. Sunbelt increases our growing exposure to the energy market in high end, niche products serving customers across multiple oil and gas well drilling types. Sunbelt's in-house processing services include deep hole drilling, straightening, and saw cutting with the ability to manufacture heavy-wall tubing from solid bar. We look forward to continuing Sunbelt's growing presence in their specialty markets,” said David H. Hannah, Chairman and CEO of Reliance.

RELIANCE STEEL & ALUMINUM CO. AGREES TO ACQUIRE GH METAL SOLUTIONS, INC.

September 20, 2012 -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that, through its wholly-owned subsidiary Feralloy Corporation, it has reached an agreement to purchase all of the outstanding capital stock of GH Metal Solutions, Inc (formerly known as Gas House, Inc.), a value added processor and fabricator of carbon steel products located in Fort Payne, Alabama. Founded in 1958, GH's processing equipment includes flat-bed lasers, tube lasers, torches, shears, automatic band saws, CNC press brakes, coil-fed and hand-fed stampers, and robotic and manual welders. For the year 2011, annual sales were approximately $44M. The transaction is expected to be finalized within 30 days, subject to customary closing conditions. Terms were not disclosed.

RELIANCE STEEL & ALUMINUM CO. COMPLETES ACQUISITION OF THE ASSETS OF WORTHINGTON STEEL VONORE PLANT

On April 30, 2012, Reliance Steel & Aluminum Co. (NYSE:RS) announced today that, through its wholly-owned subsidiary Precision Strip, Inc., it has completed the acquisition of the assets of the Worthington Steel Vonore plant, a processing facility owned by Worthington Industries, Inc. (NYSE:WOR). Terms were not disclosed. Worthington Industries acquired the assets of the Vonore, Tennessee plant in early 2011.

The Vonore plant will operate as a Precision Strip, Inc. location that will toll process and deliver carbon steel, aluminum and stainless steel products without taking ownership of the metal. Precision Strip will now operate twelve tolling facilities throughout the United States and Mexico.

Joseph P. Wolf, President of Precision Strip, Inc., said, “The addition of the Vonore location to our existing footprint of facilities allows us to better service our customer base in an important geographic area of the country. By acquiring the existing assets we were able to more quickly establish ourselves in this growing market.”

RELIANCE STEEL & ALUMINUM CO. ACQUIRES NATIONAL SPECIALTY ALLOYS, LLC

On April 4, 2012, Reliance Steel & Aluminum Co. (NYSE:RS) announced that it has acquired all the outstanding limited liability company interests of National Specialty Alloys, LLC ("NSA"), a global specialty alloy processor and distributor of premium stainless steel and nickel alloy bars and shapes, headquartered in Houston, Texas. NSA was founded in 1985 and has additional locations in Anaheim, California, Buford, Georgia and Tulsa, Oklahoma. Net sales of NSA for the twelve months ended October 31, 2011 were approximately $96.0 million. National Specialty Alloys, LLC will operate as a wholly-owned subsidiary of Reliance Steel & Aluminum Co. Current management will remain in place with Mark Russ continuing as President of NSA. Terms of the transaction were not disclosed.

Reliance is excited to add National Specialty Alloys, LLC to the Reliance "Family of Companies." NSA has a strong commitment to customer service and has continually grown with expansion into higher-end products as well as new geographic and customer markets. In addition to enhancing existing product offerings with the addition of specialty stainless steel and nickel products, NSA also expands and complements exposure to the fast-growing energy market. NSA's primary end market is the energy market with particular emphasis on horizontal drilling and completion tools, pumps and valves used in the drilling and production of oil and gas. Other major markets NSA serves are the petrochemicals, power generation (including nuclear), water and waste treatment, pulp and paper, marine equipment, military and defense, aerospace and other industrial machinery markets.

RELIANCE STEEL & ALUMINUM CO. ACQUIRES McKEY PERFORATING CO., INC.

On February 1, 2012 -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that, through its wholly-owned subsidiary Diamond Manufacturing Company, it has completed the acquisition of McKey Perforating Co., Inc. headquartered in New Berlin, Wisconsin and its subsidiary McKey Perforated Products Co., Inc. located in Manchester, Tennessee. McKey was founded in 1867 and is a contract manufacturer that provides a full range of metal perforating and fabrication services to customers located primarily in the U.S. For the year 2011, McKey's net sales were approximately $18 million.

Jean McKey will continue in her role of President of McKey Perforating. Details of the transaction were not disclosed. McKey is well-known for quality within the perforated metals industry and will work closely with Diamond to further leverage their combined expertise in that market. Reliance looks forward to further expanding its presence within the perforated metal market, which is a high return and value-added end market.