Russel Metals to buy seven of Samuel’s operations

Canadian metals distributor Russel Metals Inc. plans to acquire Samuel, Son & Co.’s service center operations in Western Canada and the US for roughly CA$225 million (US$165.5 million).

In total, Russel will acquire seven Samuel operations that generated revenues of CA$457 million for the nine months ended Sept. 30, 2023, according to a Russel press release on Monday, Dec. 4. The buy includes operations in Winnipeg, Manitoba; Calgary and Nisku, Alberta; and Langley and Surrey, British Columbia, in Canada; and facilities in Buffalo, N.Y., and Pittsburgh in the US.

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.