Russel Metals Announces Agreement to Acquire Sanborn
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TORONTO, Dec. 22, 2020 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces that it has entered into an agreement to acquire Sanborn Tube Sales of Wisconsin, Inc. ( Sanborn ). The closing is expected to occur on or prior to December 31, 2020.
Sanborn is a metals service center with a heavy emphasis in value-added processing. The Sanborn operation, based in Pewaukee, Wisconsin, is in close proximity to our three Wisconsin service centers and offers the opportunity for the combined business to expand our product offering. Over the past several years, Sanborn generated annual sales of approximately US$19 million across a diverse base of industrial customers.