Russel Acquires Pre-Paint Distributor

Wednesday, September 06, 2017 7:55 PM Written by 

Toronto-based Russel Metals, Inc., has acquired Color Steels, Inc., a service center that processes and distributes pre-painted metals from facilities in Thornhill, Ontario, and Laval, Quebec.

David Sanderson will continue as president of Color Steels, along with the current management team. Color Steel’s revenues for the last year totaled approximately $45 million.

"This unique opportunity allows us to grow our Canadian service center footprint through the acquisition of a profitable, well-run company.  The acquisition of Color Steels expands our Canadian service center product offerings into processed pre-painted flat-rolled product,” said John Reid, Russel president and COO.

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Read 436 times Last modified on Wednesday, 06 September 2017 16:01
Tim Triplett

Tim Triplett is the executive editor of Steel Market Update. Tim joined SMU after 20 years as editor-in-chief of Metal Center News Magazine. A journalist and business writer for 40 years, Tim holds an MBA from Aurora University. Tim can be reached at Tim@SteelMarketUpdate.com or by phone at 630-513-5916.

Website: https://www.steelmarketupdate.com
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