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RUSSEL METALS TO ACQUIRE SEVEN SERVICE CENTERS IN THE US FROM KLOECKNER
RUSSEL METALS TO ACQUIRE SEVEN SERVICE CENTERS IN THE US FROM KLOECKNER Canada NewsWire...
About this update from Russel Metals Inc.
[{"type":"text","content":"\n\n\n\n RUSSEL METALS TO ACQUIRE SEVEN SERVICE CENTERS IN THE US FROM KLOECKNER\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Estimated Purchase Price of\n \n US$119 Million\n \n\n\n Includes Approximately\n \n US$67 Million\n \n for Working Capital and\n \n US$52 Million\n \n for PP&E\n \n\n Complementary Geographic Fit - Six Locations in the US South and One Location in the US Mid-West\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n Sept. 28, 2025\n \n\n /CNW/ - Russel Metals Inc. (TSX: RUS) announces that it has entered into an agreement to acquire seven service center locations from Kloeckner Metals Corporation (\"Kloeckner\") for approximately\n \n US$118.6 million\n \n , subject to closing working capital and other normal course adjustments.  The acquisition includes the working capital, real estate, buildings and equipment, along with the operating personnel for the seven locations.  The purchase price is based on the net book value of the working capital which was approximately\n \n $67.1 million\n \n at\n \n June 30, 2025\n \n , plus\n \n $51.5 million\n \n for the property, plant and equipment.\n \n\n\n\n\n\n\n\n\n Russel will acquire Kloeckner's metals service centers in\n \n Dubuque\n \n (\n \n Iowa\n \n ),\n \n Charlotte\n \n (\n \n North Carolina\n \n ),\n \n Suwanee (Georgia)\n \n ,\n \n Houston\n \n (\n \n Texas\n \n ),\n \n Austin\n \n (\n \n Texas\n \n ),\n \n Jacksonville\n \n (\n \n Florida\n \n ) and\n \n Pompano Beach\n \n (\n \n Florida\n \n ).  For the period between\n \n January 1, 2023\n \n and\n \n June 30, 2025\n \n , the seven service centers generated average annual revenues of approximately\n \n US$500 million\n \n and average annual adjusted EBITDA\n \n 1\n \n of approximately\n \n US$20 ...