Russel’s buy of Samuel locations faces regulatory hurdle

Russel Metals Inc.’s planned purchase of seven service centers from Samuel, Son & Co. has been delayed.

When the Toronto-based service center announced the CAD$225 million (USD$165.5 million) sale in December, it said the transaction was expected to close in Q1’24 or Q2’24. The purchase includes operations in Winnipeg, Manitoba; Calgary and Nisku, Alberta; Langley and Surrey, British Columbia, in Canada; and facilities in Buffalo, N.Y., and Pittsburgh in the US.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.