RUSSEL METALS CLOSES ACQUISITION OF SEVEN SERVICE CENTERS FROM KLOECKNER

Core Viewpoint - Russel Metals Inc. has successfully completed the acquisition of seven service centers in the US from Kloeckner Metals Corporation for US$102 million, enhancing its presence in key geographic areas [1][2]. Company Overview - Russel Metals is one of the largest metals distribution companies in North America, focusing on value-added processing [2]. - The company operates in three segments: metals service centers, energy field stores, and steel distributors [2]. - Its metals service centers offer a wide range of metal products, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum, and other non-ferrous specialty metals [2]. - The energy field stores provide specialized products tailored to the energy industry [2]. - The steel distributors segment acts as master distributors, selling steel in large volumes to other service centers and equipment manufacturers, primarily on an "as is" basis [2].