STEEL PROCESSORS HEADLINESSteel Producers /
Steel Processors
Russel Metals Completes Acquisition of JMS Metal Services
Oct. 1, 2007 Russel Metals Inc. has completed its acquisition of JMS Metals Services, Inc. and related companies.
Originally announced on September 4, the acquisition of JMS provides Russel Metals with a new geographic presence in the USA and a base to grow the US operations, both organically and through further acquisitions. The total transaction value is approximately CDN$120 million.
JMS, an American metals service center, was founded in July 1990 and is a full-line distributor of steel and aluminum products with eight strategically located processing and distribution facilities in Alabama, Arkansas, Georgia, Kentucky, and Tennessee.
Russel Metals, one of the largest metals distribution companies in North America, conducts business in three distribution segments: metals service centers, energy tubular products and steel distributors. The company operates under various names including Russel Metals, A.J. Forsyth, Acier Leroux, Acier Loubier, Acier Richler, Arrow Steel Processors, B&T Steel, Baldwin International, Comco Pipe and Supply, Fedmet Tubulars, Leroux Steel, McCabe Steel, Megantic Metal, Metaux Russel, Milspec Industries, Pioneer Pipe, Russel Metals Williams Bahcall, Spartan Steel Products, Sunbelt Group, Triumph Tubular & Supply, Wirth Steel, and York-Ennis.