Service Centers
Russel closes on Tampa Bay Steel deal
Written by Ethan Bernard
December 5, 2024
Russel Metals Inc. has closed on its buy of Tampa Bay Steel.
The Mississauga, Ontario-based metals distributor announced the $79.5-million deal last month.
“We are excited to have Tampa Bay Steel join our Southern US businesses, especially as we continue to explore opportunities for growth in the region,” John Reid, Russel’s president and CEO, said in a statement on Dec. 4.
“We welcome Mark Stewart and his entire team to the Russel Metals family,” he added.
Stewart is the president of the Florida-based steel distributor and metal processor.
Ethan Bernard
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