TORONTO—Russel Metals Inc. has finalized its acquisition of DuBose Steel.
DuBose Steel is a full line structural steel service center operation with value-added processing capabilities serving customers along the east coast and south-eastern United States from its facilities located in Roseboro and Fayetteville, N.C.
Revenues for DuBose Steel were approximately CDN$85 million during its last fiscal year, but no terms of the acquisition were released.
“We are extremely pleased to have completed this transaction which expands our United States service center operations and capabilities. We welcome the employees and customers of DuBose Steel to Russel Metals’ family of companies,” said John Reid, president and CEO of Russel Metals.
Mississauga, Ont.-based Russel Metals is a North American metals distribution and processing company that operates in three metals distribution segments: metals service centers, energy products and steel distributors.