Steel Products
Russel Metals Acquires DuBose Steel
Written by Sandy Williams
February 22, 2018
Russel Metals has announced it will acquire the operating assets and facilities of DuBose Steel in Roseboro and Fayetteville, N.C.
DuBose Steel is a full-line structural steel service center operation with value-added processing capabilities serving customers in the Southeast and along the East Coast. The company posted revenues of $66.8 million in its last fiscal year.
Dubose Steel President Tom Harrington and other members of his management team will remain in place.
The acquisition is a strategic fit for Russel Metals, the second largest metals distributor in Canada, and will allow the company to expand its U.S. footprint, said Russel President and COO John Reid.
“We are very excited to announce that we have entered into this agreement with Russel Metals. We believe our customers will be well-served by this transaction and we are eager to join Russel’s team,” said Harrington.
The transaction is expected to close in the second quarter.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Rig count update: US activity stable, Canada slips
The number of oil and gas rigs operating in the US remained unchanged this week for the second consecutive week, while Canadian activity declined, according to the latest data released from Baker Hughes.
SMU market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
Domestic, offshore CRC prices steady
The price spread between US-produced cold-rolled (CR) coil and offshore products on a landed basis was unchanged in the week ended Dec. 20.
SMU Survey: Mill lead times contract slightly, remain short
Steel mill production times have seen very little change since September, according to buyers participating in our latest market survey.
Worthington Enterprises’ earnings dip in fiscal Q2’25
Worthington Enterprises' profits edged down in its fiscal second quarter of 205 vs. a year earlier. The company said a slump in sales in the quarter was due largely to the "deconsolidation" of the Sustainable Energy Solutions segment in the fourth quarter of fiscal 2024.