LOS ANGELES, Aug. 14, 2014 /PRNewswire/ -- Reliance Steel & Aluminum Co. (RS) announced today that David Hannah, Chairman and Chief Executive Officer, together with other members of senior management, will ring The Closing Bell® at the New York Stock Exchange (NYSE) on Wednesday, August 20, 2014 at 4:00 p.m. ET. The event will celebrate Reliance's 20th anniversary as a publicly traded company on the NYSE.
Reliance debuted at $14.50 per share ($3.22 split-adjusted) at its initial public offering (IPO) on September 14, 1994. Twenty years and three stock splits later, shares of Reliance closed at $68.68 as of August 13, 2014, which together with quarterly dividends, has resulted in a total compound annual growth rate of approximately 17%. Reliance has acquired 58 businesses since its 1994 IPO.
"We are honored to ring the NYSE's Closing Bell to commemorate our longstanding history of innovation and growth to become the largest metals service center company in North America," said David Hannah. "We are celebrating our 75th anniversary as a company this year and achieving our 20th anniversary as a publicly traded company is another significant milestone. This ceremony is a tribute to our employees, directors, customers, suppliers and shareholders, who continue to drive our success."
About Reliance Steel & Aluminum Co.
Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is the largest metals service center company in North America. Through a network of more than 300 locations in 39 states and twelve countries outside of the United States, the Company provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries. Reliance Steel & Aluminum Co.'s press releases and additional information are available on the Company's web site at www.rsac.com.
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