Service Centers

Varsteel acquires Canadian service center Pacific Steel

March 21, 2024

Varsteel, a Canadian steel and pipe service center, announced its acquisition of Pacific Steel in Laval, Quebec.

“The Varsteel team is excited to join forces with Pacific Steel, broadening our company platform and delivering more value to our customers through an additional range of steel products,” Gerald Varzari, president and CEO of Varsteel, said in a statement on Thursday.

Lethbridge, Alberta-based Varsteel said Pacific Steel (also known as Acier Pacifique) will operate independently as a subsidiary of Varsteel. Further terms of the deal were not disclosed.

Varsteel noted that the buy fulfills a growth objective by “establishing a comprehensive range of structural steel products from coast to coast.”

Pacific, a structural steel service center, has two facilities in Laval. The company carries a full line of wide-flange beams, specializing in heavy jumbo beams, with an independent rebar fabrication and installation division.

The company serves customers in Quebec, Ontario, the Maritime Provinces of Canada, and the US.

Varsteel has 32 locations in Canada and the US.

Ethan Bernard

Ethan Bernard is a reporter and editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.