TORONTO, Sept. 5,
2023 /CNW/ - Russel Metals Inc. (TSX: RUS) announces
that it has closed the previously announced transaction with
Marubeni-Itochu Tubulars America Inc. ("MITI"), whereby Russel has
sold its 50% equity interest in TriMark Tubulars Ltd. to MITI.
About Russel Metals Inc.
Russel Metals is one of the largest metals distribution
companies in North America with a
growing focus on value-added processing. It carries on
business in three segments: metals service centers, energy field
stores and steel distributors. Its network of metals service
centers carries an extensive line of metal products in a wide range
of sizes, shapes and specifications, including carbon hot rolled
and cold finished steel, pipe and tubular products, stainless
steel, aluminum and other non-ferrous specialty metals. Its
energy field stores carry a specialized product line focused on the
needs of energy industry customers. Its steel distributors
operations act as master distributors selling steel in large
volumes to other steel service centers and large equipment
manufacturers mainly on an "as is" basis.
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SOURCE Russel Metals Inc.