Russel Metals to acquire the Western Canadian and US carbon plate Service Center operations of Samuel, Son & Co for $225m.

Russel Metals, a Canadian metals distribution and processing company, agreed to acquire the Western Canadian and US carbon plate Service Center operations of Samuel, Son & Co, a metals distributor and industrial products manufacturer, for $225m. "Samuel has a longstanding reputation as one of North America's leading metals distribution companies. We will continue to build on this legacy with a Service Center business that will now focus on growing customer relationships in Central and Eastern Canada and the US, while simultaneously accelerating our investment in additional growth opportunities across the business. We are proud of the strength of the operations we are selling to Russel, which we believe can be made even stronger as part of this newly combined business. On behalf of Samuel, I would like to extend our appreciation to the team members who will be joining Russel for playing such an important role in our Service Center business," Colin Osborne, Samuel President and CEO.