BOULDER, CO -- (Marketwire) -- 06/07/10 -- Dynamic Materials Corporation (DMC) (NASDAQ: BOOM), the world's leading provider of explosion-welded clad metal plates and a growing provider of specialized oilfield products to the international oil and gas industry, today reported it has completed its previously announced acquisition of Austin Explosives Company. DMC paid approximately $3.7 million in cash and issued 222,445 shares of DMC common stock in a transaction that was structured as an asset purchase.

Texas-based Austin Explosives, which employs a staff of approximately 25, previously served as the exclusive U.S. distributor for DMC's Oilfield Products segment. Austin Explosives recorded 2009 sales of approximately $10.7 million.

DMC also has purchased the outstanding interest in two Russian joint ventures that were previously majority-owned by the Company's Oilfield Products business. DMC paid a combined US$2.0 million for the respective 45% and 36% outstanding stakes in the Siberia- and Moscow-based businesses, which collectively perform both manufacturing and distribution services. The combined businesses recorded total sales of approximately US$6.5 million during fiscal 2009.

"These transactions come on the heels of our recent acquisition of Alberta-based LRI Oil Tools, and together they illustrate our commitment to the expansion of our Oilfield Products business," said Yvon Cariou, DMC's president and CEO. "Our growing international network of manufacturing and distribution facilities provides us with an important competitive advantage, and positions our Oilfield Products segment to capitalize on what we believe will be increasing long-term demand from the oil and gas industry."

About Dynamic Materials CorporationBased in Boulder, Colorado, Dynamic Materials Corporation is a leading international metalworking company. Its products, which are typically used in industrial capital projects, include explosion-welded clad metal plates and other metal fabrications for use in a variety of industries, including oil and gas, petrochemicals, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration and similar industries. The Company operates three business segments: Explosive Metalworking, which uses proprietary explosive processes to fuse different metals and alloys; Oilfield Products, which manufactures, markets and sells specialized explosive components and systems used to perforate oil and gas wells; and AMK Welding, which utilizes various technologies to weld components for use in power-generation turbines, as well as commercial and military jet engines. For more information, visit the Company's websites at http://www.dynamicmaterials.com and http://www.dynaenergetics.de.

Safe Harbor Language 
Except for the historical information contained herein, this news release contains forward-looking statements, including our long-range strategy of growing the market share, distribution capabilities and product offerings of our Oilfield Products business, all of which involve risks and uncertainties. These risks and uncertainties include, but are not limited to, our ability to obtain new contracts at attractive prices; the size and timing of customer orders and shipments; fluctuations in customer demand; fluctuations in foreign currencies, changes to customer orders; the cyclicality of our business; the cyclicality of the oil and gas industry; competitive factors; the timely completion of contracts; the timing and size of expenditures; the timely receipt of government approvals and permits; the timing and price of raw material; the adequacy of local labor supplies at our facilities; current or future limits on manufacturing capacity at our various operations; the availability and cost of funds; and general economic conditions, both domestic and foreign, impacting our business and the business of the end-market users we serve; as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended December 31, 2009.

CONTACT:
Pfeiffer High Investor Relations, Inc.
Geoff High
303-393-7044