March 28, 2006 — Reliance Steel & Aluminum’s Precision Strip, Inc. subsidiary has completed its acquisition of the assets and business of Flat Rock Metal Processing LLC, based in Flat Rock, Mich. Terms of the deal were not disclosed.

Flat Rock’s two facilities in Perrysburg, Ohio, and Eldridge, Iowa, will operate as Precision Strip locations. The facilities will process and deliver carbon steel, aluminum and stainless steel products on a toll basis.

Precision Strip currently has facilities in Kenton, Middletown, Minster and Tipp City, Ohio; Anderson and Rockport, Ind.; Bowling Green, Ky.; and Talladega, Ala. Precision Strip's customers include steel and aluminum mills as well as companies in the automotive, appliance, metal furniture and capital goods industries.

Founded in 2001, Flat Rock Metal Processing is a privately held toll processing company with facilities in Perrysburg, Ohio, and Eldridge, Iowa.

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 100 locations in 32 states and Belgium, China and South Korea, the company provides value-added metals processing services and distributes a full line of over 90,000 metal products.