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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):
October 1, 2007
RELIANCE STEEL & ALUMINUM CO.
(Exact name of registrant as specified in its charter)
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California
(State or other jurisdiction of
incorporation)
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001-13122
(Commission File Number)
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95-1142616
(I.R.S. Employer
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)) |
On October 2, 2007 Reliance Steel & Aluminum Co. (the “Company”) announced that it acquired
the outstanding capital stock of Metalweb plc (“Metalweb”), a corporation formed and operating in
the United Kingdom and headquartered in Birmingham, England. Metalweb was founded in 2001 and
specializes primarily in the processing and distribution of aluminum products for non-structural
aerospace components and general engineering parts used in high-end industrial applications.
Metalweb has three additional metals service center locations in Manchester, London and Oxford,
England. Metalweb’s net sales for fiscal year ended May 31, 2007 were about $53 million U.S.
Metalweb will operate as a wholly-owned subsidiary of RSAC Management Corp., the Company’s
wholly-owned subsidiary. Current management will remain in place. Terms were not disclosed.
None of the Sellers is, and none of the officers and directors of Metalweb is, 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 down 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 and issued loan notes to certain of the Sellers. The Sellers and/or officers or directors
of Metalweb, through various other entities, own certain of the real property on which facilities
of Metalweb are located.
A copy of the press release related to the transaction is attached as an exhibit.
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| Item 9.01 |
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Financial Statements and Exhibits. |
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(a) |
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Financial Statements of Businesses Acquired. |
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N/A |
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(b) |
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Pro Forma Financial Information. |
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N/A |
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(c) |
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Exhibits. |
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| Exhibit No. |
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Description |
99.1
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Press Release dated October 2, 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.
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RELIANCE STEEL & ALUMINUM CO.
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| Dated: October 3, 2007 |
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/s/ David H. Hannah
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David H. Hannah |
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Chief Executive Officer |
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RELIANCE STEEL & ALUMINUM CO.
FORM 8-K
INDEX TO EXHIBITS
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| Exhibit No. |
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Description |
99.1
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Press Release dated October 2, 2007. |