TORONTO, Dec. 4, 2024
/CNW/ - Russel Metals Inc. (TSX: RUS) announces that it has closed
its acquisition of Tampa Bay Steel.
John Reid, President and CEO of
Russel Metals commented, "We are excited to have Tampa Bay Steel
join our Southern US businesses, especially as we continue to
explore opportunities for growth in the region. We welcome
Mark Stewart and his entire team to
the Russel Metals family."
About Russel Metals Inc.
Russel Metals is one of the largest metals distribution
companies in North America with a
growing focus on value-added processing. It carries on
business in three segments: metals service centers, energy field
stores and steel distributors. Its network of metals service
centers carries an extensive line of metal products in a wide range
of sizes, shapes and specifications, including carbon hot rolled
and cold finished steel, pipe and tubular products, stainless
steel, aluminum and other non-ferrous specialty metals. Its
energy field stores carry a specialized product line focused on the
needs of energy industry customers. Its steel distributors
operations act as master distributors selling steel in large
volumes to other steel service centers and large equipment
manufacturers mainly on an "as is" basis.
Cautionary Statement on Forward-Looking Information
Certain statements contained in this press release constitute
forward-looking statements or information within the meaning of
applicable securities laws relating to, among other things, the
anticipated benefits of the transaction, the timing to close the
transaction and there can be no assurance that the proposed
transaction will occur, or that it will occur on the exact terms
contemplated in this press release. Forward-looking
statements are often, but not always, identified by the use of
words such as "expect", "may", "will", "could", "might", "should",
"believe" and similar expressions. Forward-looking statements
are necessarily based on estimates and assumptions that, while
considered reasonable by us, inherently involve known and unknown
risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in
such forward-looking statements.
While we believe that the expectations reflected in our
forward-looking statements are reasonable, no assurance can be
given that these expectations will prove to be correct, and our
forward-looking statements included in this press release should
not be unduly relied upon. These statements speak only as of
the date of this press release and, except as required by law, we
do not assume any obligation to update our forward-looking
statements.
If you would like to unsubscribe from receiving Press Releases,
you may do so by emailing subscriber@russelmetals.com; or by
calling our Investor Relations Line: 905-816-5178.
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SOURCE Russel Metals Inc.