Russel Metals Inc T.RUS

Alternate Symbol(s): RUSMF

Industrials Industrial Distribution

Russel Metals Inc. is a metals distribution company 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. The Company’s network of metals service centers carries a line of metal products in a 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. It provides processing and distribution services to a base of approximately 34,000 end users through a network of over 53 Canadian locations and 23 United States locations.

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Russel Metals Inc > TO SELL ITS 50% EQUITY INTEREST IN TRIMARK T.RUS

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Post by Betteryear2on Jul 31, 2023 6:26pm

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TO SELL ITS 50% EQUITY INTEREST IN TRIMARK T.RUS

TORONTO, July 31, 2023 /CNW/ - Russel Metals Inc. (TSX: RUS) announces that it has entered into an agreement with Marubeni-Itochu Tubulars America Inc. ("MITI"), whereby Russel Metals will sell its 50% equity interest in TriMark Tubulars Ltd. ("TriMark") for approximately $61 million, subject to normal course closing adjustments. The transaction is subject to customary regulatory approvals and is expected to close in the third quarter of 2023.

RUSSEL METALS TO SELL ITS 50% EQUITY INTEREST IN TRIMARK TO MARUBENI-ITOCHU (newswire.ca)

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