Western Reserve Partners Advises American Compressed Steel, Inc. in its Acquisition by Advantage Metals Recycling, LLC, a Nucor Corporation Company


August 11, 2008

Western Reserve Partners LLC announced today that it is representing American Compressed Steel, Inc. (“ACS”), based in Kansas City, Missouri, in its acquisition by Advantage Metals Recycling, LLC (“AMR”), a wholly owned subsidiary of The David J. Joseph Company, a Nucor Corporation company (NYSE: NUE). The acquisition is expected to close August 25, 2008.

Leading the assignment for Western Reserve Partners are Managing Directors Ralph M. Della Ratta, Jr., and Mark A. Filippell, Vice President Justin A. Wolfort and Analyst David D. Helsel.

“It has been a pleasure working with American Compressed Steel,” Della Ratta said. “Since our initial engagement, it was quite evident that the ACS management team has a deep commitment toward both the customers they serve and the communities in which they operate. Maintaining the strong legacy of this impressive family business has clearly been a top priority of the Company’s shareholders. The Company has successfully established significant brand recognition with a reputation for timely and reliable delivery of quality products. We are confident that ACS will be a profitable addition to David J. Joseph’s portfolio.”

Founded in the 1930s, ACS was purchased in 1974 by Maurice Warshawsky and his sons, and has since grown to become a leading Midwest scrap metal processor. With three strategically located Missouri-based facilities, ACS processes both ferrous and nonferrous scrap, with a focus on industrial accounts. Arnold Warshawsky, Jeffrey Ross, Anthony Ross and Allan Ross, who helped acquire ACS with their father/step-father, will continue to play an active role in the Company and oversee ACS’ daily operations. ACS will operate as a wholly owned subsidiary of Advantage Metals Recycling, LLC.

Arnold Warshawsky, president and CEO of American Compressed Steel, stated, “Maintaining the legacy of our family business was a top priority for our shareholders. I am proud to say, by becoming part of the Nucor family, we are able to preserve that legacy for years to come.”

“We are confident Advantage Metals Recycling will continue to support our management team and employees,” said Jeffrey Ross, executive vice president of ACS. “As shareholders, we are certain that AMR’s impassioned commitment to providing quality service will be seen by our existing customers. Our entire team is eager to become part of such a growing and vibrant company.”

“We are pleased with Western Reserve Partners and their commitment to obtaining the highest value for ACS’ shareholders,” said Anthony Ross, vice president of ACS. “As advisors, they successfully helped us in evaluating and selecting a great strategic partner whose corporate culture fits well with our values.” Western Reserve Partners’ dedication to providing quality and timely client service pervades within the entire firm and we are fortunate to be represented by advisors of such high caliber.”

Headquartered in Cincinnati, Ohio, The David J. Joseph Company is a world leader in scrap processing and trading. They provide a full line of metal-related services, including procurement services for scrap consumers, ferrous and nonferrous scrap trading and processing and international scrap and substitutes marketing.

Western Reserve Partners LLC is a boutique investment banking firm that provides customized investment banking solutions for middle-market companies. The firm’s managing directors collectively have more than 160 years of experience and have directly executed more than 500 transactions and managed more than 1,300 transactions.

For more information, please contact Ralph Della Ratta at (216) 589-9557 or rdellaratta@wesrespartners.com, or visit www.wesrespartners.com.

The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.