NORTH AMERICA HEADLINESNorth America
Metals USA Acquires J. Rubin & Co.
Jun. 30, 2010 Metals USA Holdings Corp. has announced the acquisition of J. Rubin & Co., a metal service center with locations in Illinois, Wisconsin, and Minnesota.
J. Rubin's product range consists of carbon steel bars, carbon plate, and laser-cut flat-rolled products, which are provided to a diverse range of end-markets.
Lourenco Goncalves, Chairman, President, and CEO of Metals USA, said: "J. Rubin represents every element that we look for in an acquisition: great management, profitability, and a broad product mix. This transaction fits squarely within the growth strategy that we articulated during our IPO process, and we are continuing to evaluate additional strategic acquisition opportunities."
Metals USA is one of the largest metal service center businesses in North America and a leading provider of value-added metal processing and inventory management services. Its 34 service center facilities are located in close proximity to suppliers and customers in key geographic end-markets. Principal markets for the company’s products include metal fabrication, industrial machinery and equipment, electrical and appliance manufacturing, land and marine transportation, construction, energy, aerospace, and defense.