Russel Metals Inc announced that it has entered into an agreement to acquire Sanborn Tube Sales of Wisconsin Inc. The closing is expected to occur on or prior to December 31, 2020. Sanborn is a metals service center with a heavy emphasis in value added processing. The Sanborn operation, based in Pewaukee in Wisconsin is in close proximity to our three Wisconsin service centers and offers the opportunity for the combined business to expand our product offering. Over the past several years, Sanborn generated annual sales of approximately USD 19 million across a diverse base of industrial customers.
Russel Metals President and CEO Mr John Reid said "Sanborn is a well established company that dovetails nicely into our existing business in the mid west region. Sanborn has been both a customer and supplier to Russel’s Wisconsin division, Russel Metals Williams Bahcall, and Sanborn’s value added processing capabilities accelerate our strategic plans in the area. We look forward to having all of the Sanborn employees as part of the Russel family.”
Russel Metals is one of the largest metals distribution companies in North America. It carries on business in three metals distribution segments: metals service centers, energy products and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminium and other non-ferrous specialty metals.