Distributors/Service Centers

Done deal: Russel closes on buy of seven Samuel locations
Written by David Schollaert
August 13, 2024
Russel Metals has closed on its acquisition of seven service center locations from Samuel, Son, & Co.
Mississauga, Ontario-based Russel said in a statement on Monday that the CA$225 million (US$165.5 million) deal announced in December has been finalized.
As expected, the company completed the deal in Q3 after the Canadian Competition Bureau confirmed it would not challenge the proposed transaction.
“We have worked very closely with the Samuel team over the past several months in coordinating for an orderly transition, and we now welcome the Samuel employees to the Russel family,” said John Reid, Russel’s president and CEO.
The seven Samuel facilities included in the transaction are in Winnipeg, Manitoba; Calgary and Nisku, Alberta; and Langley and Surrey, British Columbia, in Canada; and Buffalo, N.Y.; and Pittsburgh, in the US.
David Schollaert
Read more from David SchollaertLatest in Distributors/Service Centers
Reliance profits dip amid trade policy headwinds
Reliance Inc. reported lower profits in the third quarter amid trade woes and abundant inventory in the market.
Olympic Steel taps Norred for GM role in Georgia
Olympic Steel Inc. has appointed Larry N. Norred, Jr. to the role of general manager for its Buford (fabrication) and Winder (metal processing) operations in Georgia.
Nova Steel acquires Sheffield Steel Products
Canada's Nova Steel has fully acquired all of the assets of Ohio's Sheffield Steel Products.
AZZ feels double-edged sword of tariffs with coating wins, Precoat headwinds
AZZ Inc. delivered steady results in its fiscal second quarter. While infrastructure-heavy work buoyed its Metal Coatings segment, its Precoat Metals business navigated softer building markets and tariff-driven uncertainty.
Jack Biegalski joins Esmark Steel Group as CEO
Jack Biegalski, former president and CEO of American Heavy Plates, has been named the new CEO of the Esmark Steel Group.
