Another acquisition.

Reliance Steel & Aluminum Co. has agreed to acquire Industrial Metals and Surplus Inc., in the latest of a series of acquisitions the Los Angeles firm has made nationwide. Industrial Metals, founded in 1978, specializes in the processing and distribution of carbon steel products, as well as flat-rolled and ornamental iron products. The Atlanta-based company had 2005 sales of $72 million. The acquisition will expand Reliance's exposure in the expanding South Eastern steel market and will add a key distribution center to its 160 facilities across North America. The management team at Industrial Metals will stay in place, Reliance said. Terms of the deal were not disclosed.