SlideShare une entreprise Scribd logo
1  sur  6
Télécharger pour lire hors ligne
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                                                         Washington, D.C. 20549



                                                             FORM 8-K
                                                    CURRENT REPORT
                            Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                                               Date of Report (Date of earliest event reported):
                                                              February 1, 2007



                  RELIANCE STEEL & ALUMINUM CO.
                                              (Exact name of registrant as specified in its charter)

                 California                                      001-13122                                            95-1142616
       (State or other jurisdiction of                     (Commission File Number)                                (I.R.S. Employer
               incorporation)                                                                                   Identification Number)

                                                       350 S. Grand Ave., Suite 5100
                                                          Los Angeles, CA 90071
                                                    (Address of principal executive offices)

                                                                 (213) 687-7700
                                              (Registrant’s telephone number, including area code)

                                                             Not applicable.
                                         (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01           Other Events.
   Effective February 1, 2007, Reliance Steel & Aluminum Co. (the “Company”) completed its previously disclosed acquisition of the net
assets and business of the Encore Group of metals service center companies (Encore Metals, Encore Metals (USA), Inc., Encore Coils, and
Team Tube in Canada) headquartered in Edmonton, Alberta, Canada. Encore was organized in 2004 in connection with the buyout by
management and a private equity fund managed by HSBC Capital (Canada) Inc. of certain former Corus CIC and Corus America businesses.
Encore specializes in the processing and distribution of alloy and carbon bar and tube, as well as stainless steel sheet, plate and bar and carbon
steel flat-rolled products, through its 17 facilities located mainly in Western Canada. Encore’s net sales for the twelve months ended
December 31, 2006 were approximately C$259 million. The Company acquired the Encore Group assets through RSAC Canada Limited, the
Company’s wholly owned Canadian subsidiary, and RSAC Canada (Tube) ULC, a subsidiary of RSAC Canada Limited. Current management
will remain in place. The cash transaction will be immediately accretive to the Company’s earnings. Terms were not disclosed.
   Prior to the closing of the acquisition, neither the sellers nor any of the officers or directors of the Encore Group were affiliated with or
related to the Company in any way. The purchase price was determined by negotiations between the Company on the one hand, and the sellers
on the other. To fund the purchase price and the repayment of debt, the Company drew on its syndicated bank revolving line of credit
established November 9, 2006 with Bank of America, N.A. as administrative agent, and 15 banks as lenders.
   A copy of the press release related to this transaction is attached as Exhibit 99.1.

Item 9.01           Financial Statements and Exhibits.
   (a)        Financial Statements of Businesses Acquired.
              N/A
   (b)        Pro Forma Financial Information.
              N/A
   (c)        Exhibits.

Exhibit No.           Description

99.1                  Press Release dated February 5, 2007.
SIGNATURES
   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.

                                                                     RELIANCE STEEL & ALUMINUM CO.

                                                                     By /s/ Karla Lewis
Dated: February 6, 2007
                                                                        Karla Lewis
                                                                        Executive Vice President, Chief Financial
                                                                        Officer and Assistant Secretary
RELIANCE STEEL & ALUMINUM CO.
                                                          FORM 8-K
                                                      INDEX TO EXHIBITS

Exhibit No.   Description

99.1          Press Release dated February 5, 2007.
Exhibit 99.1

                                                                    350 SOUTH GRAND AVENUE, SUITE 5100 LOS ANGELES, CALIFORNIA 90071

                                                                           PHONE: 213 687-7700                          FAX: 213 687-8792
                                                                                                     WWW.RSAC.COM




                                                                                                                            NEWS RELEASE
             FOR IMMEDIATE RELEASE                                                      CONTACT:       Kim P. Feazle
                                                                                                       Investor Relations
                                                                                                       (713) 610-9937
                                                                                                       (213) 576-2428
                                                                                                       kfeazle@rsac.com
                                                                                                       investor@rsac.com

                                          RELIANCE STEEL & ALUMINUM CO. COMPLETES
                                                ACQUISITION OF ENCORE GROUP
   Los Angeles, CA — February 5, 2007 — Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it completed as of February 1,
2007 its previously disclosed acquisition of the net assets and business of the Encore Group of metals service center companies (Encore Metals,
Encore Metals (USA), Inc., Encore Coils, and Team Tube in Canada) headquartered in Edmonton, Alberta, Canada. Current management will
remain in place and Encore Group will operate as a wholly owned subsidiary of Reliance. The acquisition was an all cash deal and will be
immediately accretive to Reliance’s earnings. Terms were not disclosed.
   Encore was organized in 2004 in connection with the buyout by management and a private equity fund managed by HSBC Capital (Canada)
Inc. of certain former Corus CIC and Corus America businesses. Encore specializes in the processing and distribution of alloy and carbon bar
and tube, as well as stainless steel sheet, plate and bar and carbon steel flat-rolled products, through its 17 facilities located mainly in Western
Canada. Encore’s net sales for the twelve months ended December 31, 2006 were approximately C$259 million.
   David H. Hannah, Reliance’s Chief Executive Officer, said, “We are very pleased to have completed this acquisition and are looking
forward to working together with the Encore management team in growing the business. Encore’s emphasis on specialty long products in
Western Canada adds further to our diversification strategy in a robust market area.” Don Dalgleish, President of Encore Group, said, “We
believe this transaction is a very good fit for our two companies and we are excited about our contribution to future growth opportunities.”

                                                                      (more)
2-2-2
   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 160 locations in 37 states and Belgium, Canada, China and South Korea, the Company provides
value-added metals processing services and distributes a full line of over 90,000 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 95,000 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 2006 Fortune 100 Fastest Growing Companies List and the 2007 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 reports on file with the Securities and Exchange Commission.

                                                                     ###

Contenu connexe

Plus de finance32

dole food div95
dole food div95dole food div95
dole food div95
finance32
 
dole food div96
dole food div96dole food div96
dole food div96
finance32
 
dole food div97
dole food div97dole food div97
dole food div97
finance32
 
dole food div98
dole food div98dole food div98
dole food div98
finance32
 
dole food div99
dole food div99dole food div99
dole food div99
finance32
 
dole food div2000
dole food div2000dole food div2000
dole food div2000
finance32
 
dole food div01
dole food div01dole food div01
dole food div01
finance32
 
dole food div02
dole food div02dole food div02
dole food div02
finance32
 
dole food div03
dole food div03dole food div03
dole food div03
finance32
 
dole food private_tax_info
dole food private_tax_infodole food private_tax_info
dole food private_tax_info
finance32
 
Dole1995 annual
Dole1995 annualDole1995 annual
Dole1995 annual
finance32
 
Dole 1996 annual
Dole 1996 annualDole 1996 annual
Dole 1996 annual
finance32
 
Dole 1997 annual
Dole 1997 annualDole 1997 annual
Dole 1997 annual
finance32
 
Dole1998 annual
Dole1998 annualDole1998 annual
Dole1998 annual
finance32
 
Dole 99 annrpt
Dole 99 annrptDole 99 annrpt
Dole 99 annrpt
finance32
 
Dole 2000 Annual
Dole 2000 AnnualDole 2000 Annual
Dole 2000 Annual
finance32
 
Dole 2001 Annual
Dole 2001 AnnualDole 2001 Annual
Dole 2001 Annual
finance32
 
Dole 2002 Annual
Dole 2002 AnnualDole 2002 Annual
Dole 2002 Annual
finance32
 
Dole 2003 Annual
Dole 2003 AnnualDole 2003 Annual
Dole 2003 Annual
finance32
 
yahoo 08EarningsPresentationFINAL
yahoo 08EarningsPresentationFINALyahoo 08EarningsPresentationFINAL
yahoo 08EarningsPresentationFINAL
finance32
 

Plus de finance32 (20)

dole food div95
dole food div95dole food div95
dole food div95
 
dole food div96
dole food div96dole food div96
dole food div96
 
dole food div97
dole food div97dole food div97
dole food div97
 
dole food div98
dole food div98dole food div98
dole food div98
 
dole food div99
dole food div99dole food div99
dole food div99
 
dole food div2000
dole food div2000dole food div2000
dole food div2000
 
dole food div01
dole food div01dole food div01
dole food div01
 
dole food div02
dole food div02dole food div02
dole food div02
 
dole food div03
dole food div03dole food div03
dole food div03
 
dole food private_tax_info
dole food private_tax_infodole food private_tax_info
dole food private_tax_info
 
Dole1995 annual
Dole1995 annualDole1995 annual
Dole1995 annual
 
Dole 1996 annual
Dole 1996 annualDole 1996 annual
Dole 1996 annual
 
Dole 1997 annual
Dole 1997 annualDole 1997 annual
Dole 1997 annual
 
Dole1998 annual
Dole1998 annualDole1998 annual
Dole1998 annual
 
Dole 99 annrpt
Dole 99 annrptDole 99 annrpt
Dole 99 annrpt
 
Dole 2000 Annual
Dole 2000 AnnualDole 2000 Annual
Dole 2000 Annual
 
Dole 2001 Annual
Dole 2001 AnnualDole 2001 Annual
Dole 2001 Annual
 
Dole 2002 Annual
Dole 2002 AnnualDole 2002 Annual
Dole 2002 Annual
 
Dole 2003 Annual
Dole 2003 AnnualDole 2003 Annual
Dole 2003 Annual
 
yahoo 08EarningsPresentationFINAL
yahoo 08EarningsPresentationFINALyahoo 08EarningsPresentationFINAL
yahoo 08EarningsPresentationFINAL
 

Dernier

Call Girls in Tilak Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
Call Girls in Tilak Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7Call Girls in Tilak Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
Call Girls in Tilak Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
9953056974 Low Rate Call Girls In Saket, Delhi NCR
 

Dernier (20)

Test bank for advanced assessment interpreting findings and formulating diffe...
Test bank for advanced assessment interpreting findings and formulating diffe...Test bank for advanced assessment interpreting findings and formulating diffe...
Test bank for advanced assessment interpreting findings and formulating diffe...
 
logistics industry development power point ppt.pdf
logistics industry development power point ppt.pdflogistics industry development power point ppt.pdf
logistics industry development power point ppt.pdf
 
Strategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate PresentationStrategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate Presentation
 
Vip Call Girls Rasulgada😉 Bhubaneswar 9777949614 Housewife Call Girls Servic...
Vip Call Girls Rasulgada😉  Bhubaneswar 9777949614 Housewife Call Girls Servic...Vip Call Girls Rasulgada😉  Bhubaneswar 9777949614 Housewife Call Girls Servic...
Vip Call Girls Rasulgada😉 Bhubaneswar 9777949614 Housewife Call Girls Servic...
 
Seeman_Fiintouch_LLP_Newsletter_May-2024.pdf
Seeman_Fiintouch_LLP_Newsletter_May-2024.pdfSeeman_Fiintouch_LLP_Newsletter_May-2024.pdf
Seeman_Fiintouch_LLP_Newsletter_May-2024.pdf
 
Escorts Indore Call Girls-9155612368-Vijay Nagar Decent Fantastic Call Girls ...
Escorts Indore Call Girls-9155612368-Vijay Nagar Decent Fantastic Call Girls ...Escorts Indore Call Girls-9155612368-Vijay Nagar Decent Fantastic Call Girls ...
Escorts Indore Call Girls-9155612368-Vijay Nagar Decent Fantastic Call Girls ...
 
Call Girls in Tilak Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
Call Girls in Tilak Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7Call Girls in Tilak Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
Call Girls in Tilak Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
 
Webinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech BelgiumWebinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech Belgium
 
Technology industry / Finnish economic outlook
Technology industry / Finnish economic outlookTechnology industry / Finnish economic outlook
Technology industry / Finnish economic outlook
 
Lion One Corporate Presentation May 2024
Lion One Corporate Presentation May 2024Lion One Corporate Presentation May 2024
Lion One Corporate Presentation May 2024
 
W.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdfW.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdf
 
Call Girls Howrah ( 8250092165 ) Cheap rates call girls | Get low budget
Call Girls Howrah ( 8250092165 ) Cheap rates call girls | Get low budgetCall Girls Howrah ( 8250092165 ) Cheap rates call girls | Get low budget
Call Girls Howrah ( 8250092165 ) Cheap rates call girls | Get low budget
 
Business Principles, Tools, and Techniques in Participating in Various Types...
Business Principles, Tools, and Techniques  in Participating in Various Types...Business Principles, Tools, and Techniques  in Participating in Various Types...
Business Principles, Tools, and Techniques in Participating in Various Types...
 
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot GirlsMahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
 
cost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptxcost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptx
 
Premium Call Girls Bangalore Call Girls Service Just Call 🍑👄6378878445 🍑👄 Top...
Premium Call Girls Bangalore Call Girls Service Just Call 🍑👄6378878445 🍑👄 Top...Premium Call Girls Bangalore Call Girls Service Just Call 🍑👄6378878445 🍑👄 Top...
Premium Call Girls Bangalore Call Girls Service Just Call 🍑👄6378878445 🍑👄 Top...
 
7 steps to achieve financial freedom.pdf
7 steps to achieve financial freedom.pdf7 steps to achieve financial freedom.pdf
7 steps to achieve financial freedom.pdf
 
Kopar Khairane Cheapest Call Girls✔✔✔9833754194 Nerul Premium Call Girls-Navi...
Kopar Khairane Cheapest Call Girls✔✔✔9833754194 Nerul Premium Call Girls-Navi...Kopar Khairane Cheapest Call Girls✔✔✔9833754194 Nerul Premium Call Girls-Navi...
Kopar Khairane Cheapest Call Girls✔✔✔9833754194 Nerul Premium Call Girls-Navi...
 
Turbhe Fantastic Escorts📞📞9833754194 Kopar Khairane Marathi Call Girls-Kopar ...
Turbhe Fantastic Escorts📞📞9833754194 Kopar Khairane Marathi Call Girls-Kopar ...Turbhe Fantastic Escorts📞📞9833754194 Kopar Khairane Marathi Call Girls-Kopar ...
Turbhe Fantastic Escorts📞📞9833754194 Kopar Khairane Marathi Call Girls-Kopar ...
 
Virar Best Sex Call Girls Number-📞📞9833754194-Poorbi Nalasopara Housewife Cal...
Virar Best Sex Call Girls Number-📞📞9833754194-Poorbi Nalasopara Housewife Cal...Virar Best Sex Call Girls Number-📞📞9833754194-Poorbi Nalasopara Housewife Cal...
Virar Best Sex Call Girls Number-📞📞9833754194-Poorbi Nalasopara Housewife Cal...
 

Form_8-K_2007-02-01-reliance steel & aluminum

  • 1. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 1, 2007 RELIANCE STEEL & ALUMINUM CO. (Exact name of registrant as specified in its charter) California 001-13122 95-1142616 (State or other jurisdiction of (Commission File Number) (I.R.S. Employer incorporation) Identification Number) 350 S. Grand Ave., Suite 5100 Los Angeles, CA 90071 (Address of principal executive offices) (213) 687-7700 (Registrant’s telephone number, including area code) Not applicable. (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  • 2. Item 8.01 Other Events. Effective February 1, 2007, Reliance Steel & Aluminum Co. (the “Company”) completed its previously disclosed acquisition of the net assets and business of the Encore Group of metals service center companies (Encore Metals, Encore Metals (USA), Inc., Encore Coils, and Team Tube in Canada) headquartered in Edmonton, Alberta, Canada. Encore was organized in 2004 in connection with the buyout by management and a private equity fund managed by HSBC Capital (Canada) Inc. of certain former Corus CIC and Corus America businesses. Encore specializes in the processing and distribution of alloy and carbon bar and tube, as well as stainless steel sheet, plate and bar and carbon steel flat-rolled products, through its 17 facilities located mainly in Western Canada. Encore’s net sales for the twelve months ended December 31, 2006 were approximately C$259 million. The Company acquired the Encore Group assets through RSAC Canada Limited, the Company’s wholly owned Canadian subsidiary, and RSAC Canada (Tube) ULC, a subsidiary of RSAC Canada Limited. Current management will remain in place. The cash transaction will be immediately accretive to the Company’s earnings. Terms were not disclosed. Prior to the closing of the acquisition, neither the sellers nor any of the officers or directors of the Encore Group were affiliated with or related to the Company in any way. The purchase price was determined by negotiations between the Company on the one hand, and the sellers on the other. To fund the purchase price and the repayment of debt, the Company drew on its syndicated bank revolving line of credit established November 9, 2006 with Bank of America, N.A. as administrative agent, and 15 banks as lenders. A copy of the press release related to this transaction is attached as Exhibit 99.1. Item 9.01 Financial Statements and Exhibits. (a) Financial Statements of Businesses Acquired. N/A (b) Pro Forma Financial Information. N/A (c) Exhibits. Exhibit No. Description 99.1 Press Release dated February 5, 2007.
  • 3. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. RELIANCE STEEL & ALUMINUM CO. By /s/ Karla Lewis Dated: February 6, 2007 Karla Lewis Executive Vice President, Chief Financial Officer and Assistant Secretary
  • 4. RELIANCE STEEL & ALUMINUM CO. FORM 8-K INDEX TO EXHIBITS Exhibit No. Description 99.1 Press Release dated February 5, 2007.
  • 5. Exhibit 99.1 350 SOUTH GRAND AVENUE, SUITE 5100 LOS ANGELES, CALIFORNIA 90071 PHONE: 213 687-7700 FAX: 213 687-8792 WWW.RSAC.COM NEWS RELEASE FOR IMMEDIATE RELEASE CONTACT: Kim P. Feazle Investor Relations (713) 610-9937 (213) 576-2428 kfeazle@rsac.com investor@rsac.com RELIANCE STEEL & ALUMINUM CO. COMPLETES ACQUISITION OF ENCORE GROUP Los Angeles, CA — February 5, 2007 — Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it completed as of February 1, 2007 its previously disclosed acquisition of the net assets and business of the Encore Group of metals service center companies (Encore Metals, Encore Metals (USA), Inc., Encore Coils, and Team Tube in Canada) headquartered in Edmonton, Alberta, Canada. Current management will remain in place and Encore Group will operate as a wholly owned subsidiary of Reliance. The acquisition was an all cash deal and will be immediately accretive to Reliance’s earnings. Terms were not disclosed. Encore was organized in 2004 in connection with the buyout by management and a private equity fund managed by HSBC Capital (Canada) Inc. of certain former Corus CIC and Corus America businesses. Encore specializes in the processing and distribution of alloy and carbon bar and tube, as well as stainless steel sheet, plate and bar and carbon steel flat-rolled products, through its 17 facilities located mainly in Western Canada. Encore’s net sales for the twelve months ended December 31, 2006 were approximately C$259 million. David H. Hannah, Reliance’s Chief Executive Officer, said, “We are very pleased to have completed this acquisition and are looking forward to working together with the Encore management team in growing the business. Encore’s emphasis on specialty long products in Western Canada adds further to our diversification strategy in a robust market area.” Don Dalgleish, President of Encore Group, said, “We believe this transaction is a very good fit for our two companies and we are excited about our contribution to future growth opportunities.” (more)
  • 6. 2-2-2 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 160 locations in 37 states and Belgium, Canada, China and South Korea, the Company provides value-added metals processing services and distributes a full line of over 90,000 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 95,000 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 2006 Fortune 100 Fastest Growing Companies List and the 2007 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 reports on file with the Securities and Exchange Commission. ###