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Reliance to buy Encore to expand metal sales

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From Bloomberg News

Reliance Steel & Aluminum Co. agreed to buy the Encore Group of metals service-center companies to expand metal sales to oil and gas producers in western Canada.

Encore, based in Edmonton, Canada, had sales of 254.8 million Canadian dollars ($219.7 million) in 2005, Los Angeles-based Reliance said. Financial details weren’t disclosed.

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