Russel Metals Set for Expansion with Samuel Acquisition

Russel Metals (TSE:RUS) has released an update.

Russel Metals Inc. has announced the successful regulatory clearance of its acquisition of seven service center locations from Samuel, Son & Co., Limited, with the transaction expected to close in the third quarter of 2024. This strategic move is anticipated to benefit customers, suppliers, employees, and local communities, as the company prepares to integrate Samuel employees into its operations. Russel Metals is a leading North American metals distribution firm, involved in various segments including service centers, energy field stores, and steel distributors.

For further insights into TSE:RUS stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.