Russel Metals Inc T.RUS

Alternate Symbol(s): RUSMF

Russel Metals Inc. engages in the distribution of steel and other metal products in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in various sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products. The Energy Field Stores segment offers specialized products, such as flanges, valves, fittings, and other products to energy industry. The Steel Distributors segment sells steel products comprising carbon steel plate, flat rolled products, beams, channels, and pipes to other steel service centers and equipment manufacturers. Russel Metals Inc. was incorporated in 1929 and is headquartered in Mississauga, Canada.

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Russel Metals Inc

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Post by Betteryear2on Dec 01, 2021 7:35am

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Post# 34183871

Closes Acquisition of Boyd Metals

TORONTO, Dec.1, 2021 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces that it has closed its acquisition of a group of companies that operate as Boyd Metals ("Boyd"). Boyd operates five service centers in Fort Smith (Arkansas), Little Rock (Arkansas), Joplin (Missouri), Oklahoma City (Oklahoma) and Tyler (Texas).

John Reid, President and CEO of Russel commented, "We are excited to have the Boyd business as part of our operating platform as we welcome Tom Kennon, Brian Newman and all of the Boyd employees to the Russel Metals family."

https://www.prnewswire.com/news-releases/russel-metals-closes-acquisition-of-boyd-metals-301434161.html

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