Ryerson Tull completes Integris Metals acquisition

January 4, 2005

On January 4, Ryerson Tull announced the completion of the acquisition of Integris Metals Inc. from its shareholders, Alcoa Inc. Ryerson Tull purchased all of the equity interest in Integris for $410 million plus assumption of approximately $234 million of Integris' debt.

"Since the October announcement [of the agreement to purchase Integris Metals], integration teams from Ryerson Tull and Integris have been identifying synergies and best practices from each of the two companies, to be used by the new organization," said Neil S. Novich, chairman, president, and CEO of Ryerson Tull. The new organizational structure is in place.



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