Russel Metals acquiring Kloeckner Metals centers to increase US presence

Russel Metals said purchasing Kloeckner Metals expands its geographic reach and increases its value-added service offerings during a Sept. 29 conference call.

The Mississauga, Ontario-headquartered metals distributor told callers its recent decision to purchase the seven Kloeckner US locations aligns with its growth strategy. A strategy that President, CEO and Director John Reid said blends transactional sales with value-added services.

Kristen DiLandro

Kristen DiLandro is a reporter for Steel Market Update. Kristen focuses on the micro and macro steel market conditions informing North American spot prices. Following her agency career in advertising, she attained an MFA in Writing from Savannah College of Art and Design. Kristen can be reached at kristen@steelmarketupdate.com or 724-221-8143.

Kristen DiLandro

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