RUSSEL METALS TO SELL ITS 50% EQUITY INTEREST IN TRIMARK TO MARUBENI-ITOCHU
TriMark was created in July 2021 when Russel Metals and MITI combined their respective Canadian OCTG/line pipe businesses. At that time, Russel Metals had approximately
John Reid, President and CEO of Russel Metals commented, "This transaction represents the final step to our staged exit from the OCTG/line pipe business. Over the past three years, we have repatriated approximately
Russel Metals is one of the largest metals distribution companies in
Certain statements contained in this press release constitute forward-looking statements or information within the meaning of applicable securities laws, including the timing and anticipated receipt of necessary approvals and satisfaction of conditions to close the transaction. Forward-looking statements relate to future events or our future performance. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "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.