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RUSSEL METALS CLOSES ACQUISITION OF ASSETS FROM SAMUEL

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Russel Metals Inc. (TSX: RUS) has closed the acquisition of seven service centers from Samuel, Son & Co., The acquired centers are located in Western Canada and the Northeast U.S. John Reid, President and CEO, welcomed Samuel employees to the Russel family, noting their close collaboration for an orderly transition.

Russel Metals is one of North America's largest metals distribution companies, with a growing focus on value-added processing. The company operates in three segments: metals service centers, energy products, and steel distributors. Its network offers an extensive line of metal products in various sizes, shapes, and specifications, including carbon steel, pipe and tubular products, stainless steel, aluminum, and other non-ferrous specialty metals.

Russel Metals Inc. (TSX: RUS) ha completato l'acquisizione di sette centri di servizio da Samuel, Son & Co. I centri acquisiti si trovano in Canada occidentale e nel nord-est degli Stati Uniti. John Reid, Presidente e CEO, ha dato il benvenuto ai dipendenti di Samuel nella famiglia Russel, sottolineando la loro stretta collaborazione per una transizione ordinata.

Russel Metals è una delle più grandi aziende di distribuzione di metalli in Nord America, con un crescente focus sulla lavorazione a valore aggiunto. L'azienda opera in tre segmenti: centri di servizio per metalli, prodotti per l'energia e distributori di acciaio. La sua rete offre una vasta gamma di prodotti in metallo in diverse dimensioni, forme e specifiche, tra cui acciaio al carbonio, tubi e prodotti tubolari, acciaio inossidabile, alluminio e altri metalli speciali non ferrosi.

Russel Metals Inc. (TSX: RUS) ha cerrado la adquisición de siete centros de servicio de Samuel, Son & Co. Los centros adquiridos están ubicados en Canadá Occidental y el Nordeste de EE. UU. John Reid, Presidente y CEO, dio la bienvenida a los empleados de Samuel a la familia Russel, destacando su estrecha colaboración para una transición ordenada.

Russel Metals es una de las mayores empresas de distribución de metales en América del Norte, con un enfoque en crecimiento en el procesamiento con valor añadido. La empresa opera en tres segmentos: centros de servicio de metales, productos energéticos y distribuidores de acero. Su red ofrece una amplia gama de productos metálicos en diversas tamaños, formas y especificaciones, incluyendo acero al carbono, tuberías y productos tubulares, acero inoxidable, aluminio y otros metales especiales no ferrosos.

러셀 메탈스 Inc. (TSX: RUS)는 사무엘, 손 & 컴퍼니로부터 7개의 서비스 센터를 인수하는 계약을 완료했습니다. 인수된 센터는 서부 캐나다와 북동부 미국에 위치해 있습니다. 존 리드, 사장 겸 CEO는 사무엘의 직원들을 러셀 가족으로 환영하며, 원활한 전환을 위한 긴밀한 협력의 중요성을 강조했습니다.

러셀 메탈스는 북미 최대의 금속 유통 회사 중 하나로, 부가 가치 처리를 점차 강조하고 있습니다. 이 회사는 금속 서비스 센터, 에너지 제품, 스틸 유통업체의 세 가지 부문에서 운영됩니다. 그 네트워크는 탄소강, 파이프 및 튜브 제품, 스테인리스강, 알루미늄 및 기타 비철 특수 금속을 포함한 다양한 크기, 형태 및 사양의 금속 제품을 광범위하게 제공합니다.

Russel Metals Inc. (TSX: RUS) a achevé l'acquisition de sept centres de services auprès de Samuel, Son & Co. Les centres acquis sont situés dans l'Ouest canadien et le Nord-Est des États-Unis. John Reid, Président et CEO, a accueilli les employés de Samuel au sein de la famille Russel, soulignant leur collaboration étroite pour une transition ordonnée.

Russel Metals est l'une des plus grandes entreprises de distribution de métaux en Amérique du Nord, avec un accent croissant sur le traitement à valeur ajoutée. L'entreprise opère dans trois segments : centres de services de métaux, produits énergétiques et distributeurs d'acier. Son réseau propose une vaste gamme de produits métalliques dans diverses tailles, formes et spécifications, y compris l'acier au carbone, les tubes et produits tubulaires, l'acier inoxydable, l'aluminium et d'autres métaux spéciaux non ferreux.

Russel Metals Inc. (TSX: RUS) hat die Übernahme von sieben Servicezentren von Samuel, Son & Co. abgeschlossen. Die übernommenen Zentren befinden sich in Western Canada und im Nordosten der USA. John Reid, Präsident und CEO, hieß die Mitarbeiter von Samuel in der Russel-Familie willkommen und betonte die enge Zusammenarbeit für einen reibungslosen Übergang.

Russel Metals ist eines der größten Metallvertriebsunternehmen in Nordamerika, mit einem wachsenden Fokus auf die Verarbeitung mit Mehrwert. Das Unternehmen ist in drei Segmenten tätig: Metall-Servicezentren, Energieprodukte und Stahlvertrieb. Sein Netzwerk bietet ein umfangreiches Sortiment an Metallprodukten in verschiedenen Größen, Formen und Spezifikationen, darunter Kohlenstoffstahl, Rohre und Rohrprodukte, Edelstahl, Aluminium und andere besondere Nichteisenmetalle.

Positive
  • Acquisition of seven service centers expands Russel Metals' presence in Western Canada and Northeast U.S.
  • Strengthens Russel Metals' position as one of the largest metals distribution companies in North America
  • Potential for increased market share and revenue growth through expanded service center network
Negative
  • None.

TORONTO, Aug. 12, 2024 /PRNewswire/ - 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.

FAQ

What assets did Russel Metals (RUSMF) acquire from Samuel?

Russel Metals acquired seven service centers located in Western Canada and the Northeast U.S. from Samuel, Son & Co.,

When did Russel Metals (RUSMF) close the acquisition of Samuel's assets?

Russel Metals closed the acquisition of assets from Samuel on August 12, 2024.

What are the main business segments of Russel Metals (RUSMF)?

Russel Metals operates in three main segments: metals service centers, energy products, and steel distributors.

How does the acquisition affect Russel Metals' (RUSMF) market position?

The acquisition strengthens Russel Metals' position as one of the largest metals distribution companies in North America and expands its presence in Western Canada and the Northeast U.S.

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