TORONTO, Dec.1, 2021 /CNW/
- 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."
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.