Acquisition History / Russel Metals Inc. / Seven US metals service centers of Kloeckner Metals Corporation
Russel Metals Inc. Acquires Seven US metals service centers of Kloeckner Metals Corporation
Announced September 28, 2025 — $118.6M
What happened
Russel Metals, the Toronto-listed metals distributor, agreed to acquire seven service-centre locations (six in the US South, one in the Mid-West) from Kloeckner Metals, including working capital, real estate, equipment and operating personnel. The purchase price of about US$118.6M is based on net book value of working capital plus US$51.5M for property, plant and equipment.
- Acquirer
- Russel Metals Inc.
- Target
- Seven US metals service centers of Kloeckner Metals Corporation
- Announced
- September 28, 2025
- Price
- $118.6M
- Industry
- Metals service centers / distribution
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Russel Metals Inc. acquire Seven US metals service centers of Kloeckner Metals Corporation?
Russel Metals Inc. acquired Seven US metals service centers of Kloeckner Metals Corporation on September 28, 2025. This was Russel Metals Inc.'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Russel Metals Inc. pay for Seven US metals service centers of Kloeckner Metals Corporation?
Russel Metals Inc. paid $118.6M for Seven US metals service centers of Kloeckner Metals Corporation.
What does Seven US metals service centers of Kloeckner Metals Corporation do?
Russel Metals, the Toronto-listed metals distributor, agreed to acquire seven service-centre locations (six in the US South, one in the Mid-West) from Kloeckner Metals, including working capital, real estate, equipment and operating personnel. The purchase price of about US$118.6M is based on net book value of working capital plus US$51.5M for property, plant and equipment.
What other Metals service centers / distribution companies has Russel Metals Inc. acquired?
Seven US metals service centers of Kloeckner Metals Corporation is Russel Metals Inc.'s only publicly tracked acquisition in Metals service centers / distribution so far.