Tube City IMS Corporation Announces Acquisition of Hanson Resource Management Limited



    PITTSBURGH, Sept. 5 /CNW/ -- Tube City IMS Corporation, a service
provider to steel mills and foundries throughout the world, today announced it
has completed the acquisition of Hanson Resource Management Limited and its
subsidiary Hanson Support Services Limited ("Hanson").
    Hanson, headquartered in Scunthorpe, England, operates throughout the UK.
Since its founding in the early 1960s, Hanson has grown to its present status
as a strategic partner to a diverse industrial client base with a primary
focus on providing a broad range of low-cost, high value services and
solutions to world-class steelmakers delivering these services through a
dedicated and skilled work force of more than 600 employees.
    "We are delighted to add Hanson and its excellent management team and
work force to the Tube City IMS family," said I Michael Coslov, Chairman and
CEO. "This acquisition meaningfully enhances the Company's expanding global
footprint and will provide a breadth and depth of resources and talent to
access additional markets in the UK and throughout the EU."
    "This exciting acquisition will provide us the opportunity to effect
synergies and expansion of our broad range of steel mill services throughout
our operations in Belgium, France, Serbia and Slovakia," added Raymond
Kalouche, President and COO of the Company's Metal Recovery, Slag Processing,
Material Handling and Scarfing Group.
    Tube City IMS Corporation is a leading provider of outsourced service,
including raw materials procurement, scrap management, raw materials
optimization, slag processing, metal recovery and surface conditioning to
integrated steel mills, mini-mills and foundries. The Company, headquartered
in Glassport, PA, has operations at 72 plants throughout the United States,
Canada, Europe, Mexico, the Caribbean, South America and Asia.




For further information:

For further information: Jim Leonard of Tube City IMS Corporation,
+1-412-267-5226 Web Site: http://www.tubecityims.com

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TUBE CITY IMS CORPORATION

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