SAMUEL ANNOUNCES AGREEMENT TO SELL WESTERN CANADA AND U.S. CARBON PLATE SERVICE CENTERS TO RUSSEL METALS
Samuel, Son & Co., Limited (Samuel), a leading metals distributor and industrial products manufacturer, today announced that it has entered into an agreement to sell its Western Canadian and U.S. carbon plate Service Center operations to Russel Metals Inc. (Russel) for approximately $225 million, subject to closing working capital and other normal course adjustments. The transaction is subject to regulatory approval and other customary closing conditions.