TORONTO, Aug. 12,
2024 /CNW/ - Russel Metals Inc. (TSX: RUS) announces
that it has closed the acquisition of seven service centers located
in Western Canada and the
Northeast U.S. from Samuel, Son & Co., Limited ("Samuel").
John Reid, President and CEO
commented, "We have worked very closely with the Samuel team over
the past several months in coordinating for an orderly transition,
and we now welcome the Samuel employees to the Russel family."
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 products
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
products operations 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.