Russel Metals closes acquisition of Sanborn
Over the past several years, Sanborn generated annual sales of approximately US$19 million.
TORONTO — Russel Metals Inc. announces that it has closed its acquisition of Sanborn Tube Sales of Wisconsin, Inc.
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 three Russel Metals service centers and offers an opportunity for the combined business to expand its product offerings. Over the past several years, Sanborn generated annual sales of approximately US$19 million across a diverse base of industrial customers.
President and CEO John Reid said, “I am pleased to welcome the Sanborn employees to the Russel Metals family and look forward to further advancing our value-added strategic initiatives in 2021.”