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Russel Metals Closes Acquisition of Tampa Bay Steel
Russel Metals Closes Acquisition of Tampa Bay Steel Canada NewsWire TORONTO...
About this update from Russel Metals Inc.
[{"type":"text","content":"\n\n\n\n Russel Metals Closes Acquisition of Tampa Bay Steel\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Dec. 4, 2024\n \n\n /CNW/ - Russel Metals Inc. (TSX: RUS) announces that it has closed its acquisition of Tampa Bay Steel.\n \n\n\n\n\n\n\n\n\n\n John Reid\n \n , 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\n \n Mark Stewart\n \n and his entire team to the Russel Metals family.\"\n \n\n\n About Russel Metals Inc.\n \n\n\n Russel Metals is one of the largest metals distribution companies in\n \n North America\n \n 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.\n \n\n\n Cautionary Statement on Forward-Looking Information\n \n\n\n 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 \"expec...