Russel Metals Closes Acquisition of Tampa Bay Steel
Russel Metals (TSX: RUS) has successfully completed the acquisition of Tampa Bay Steel. The transaction strengthens Russel Metals' presence in the Southern United States, aligning with the company's regional growth strategy. The announcement confirms the integration of Tampa Bay Steel's team, led by Mark Stewart, into the Russel Metals organization.
Russel Metals (TSX: RUS) ha completato con successo l'acquisizione di Tampa Bay Steel. La transazione consolida la presenza di Russel Metals nel sud degli Stati Uniti, allineandosi alla strategia di crescita regionale dell'azienda. L'annuncio conferma l'integrazione del team di Tampa Bay Steel, guidato da Mark Stewart, all'interno dell'organizzazione di Russel Metals.
Russel Metals (TSX: RUS) ha completado con éxito la adquisición de Tampa Bay Steel. La transacción refuerza la presencia de Russel Metals en el sur de Estados Unidos, alineándose con la estrategia de crecimiento regional de la empresa. El anuncio confirma la integración del equipo de Tampa Bay Steel, liderado por Mark Stewart, en la organización de Russel Metals.
러셀 메탈스 (TSX: RUS)가 탬파 베이 스틸의 인수를 성공적으로 완료했습니다. 이번 거래는 러셀 메탈스의 미국 남부 지역 진출을 강화하며, 회사의 지역 성장 전략과 일치합니다. 이 발표는 마크 스튜어트가 이끄는 탬파 베이 스틸 팀이 러셀 메탈스 조직에 통합됨을 확인합니다.
Russel Metals (TSX: RUS) a réussi à finaliser l'acquisition de Tampa Bay Steel. Cette transaction renforce la présence de Russel Metals dans le sud des États-Unis, en accord avec la stratégie de croissance régionale de l'entreprise. L'annonce confirme l'intégration de l'équipe de Tampa Bay Steel, dirigée par Mark Stewart, dans l'organisation de Russel Metals.
Russel Metals (TSX: RUS) hat erfolgreich die Übernahme von Tampa Bay Steel abgeschlossen. Die Transaktion stärkt die Präsenz von Russel Metals im südlichen Teil der Vereinigten Staaten und entspricht der regionalen Wachstumsstrategie des Unternehmens. Die Ankündigung bestätigt die Integration des Teams von Tampa Bay Steel, das von Mark Stewart geleitet wird, in die Organisation von Russel Metals.
- Strategic expansion in the Southern US market
- Successful completion of acquisition enhancing regional presence
- None.
John Reid, President and CEO of Russel Metals commented, "We are excited to have Tampa Bay Steel join our Southern US businesses, especially as we continue to explore opportunities for growth in the region. We welcome Mark Stewart and his entire team to the Russel Metals family."
About Russel Metals Inc.
Russel Metals is one of the largest metals distribution companies in
Cautionary Statement on Forward-Looking Information
Certain statements contained in this press release constitute forward-looking statements or information within the meaning of applicable securities laws relating to, among other things, the anticipated benefits of the transaction, the timing to close the transaction and there can be no assurance that the proposed transaction will occur, or that it will occur on the exact terms contemplated in this press release. Forward-looking statements are often, but not always, identified by the use of words such as "expect", "may", "will", "could", "might", "should", "believe" and similar expressions. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us, inherently involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.
While we believe that the expectations reflected in our forward-looking statements are reasonable, no assurance can be given that these expectations will prove to be correct, and our forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release and, except as required by law, we do not assume any obligation to update our forward-looking statements.
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SOURCE Russel Metals Inc.
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