Russel Metals (TSE:RUS) has released an update.
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Russel Metals Inc. is set to expand its reach into the Florida market with the acquisition of Tampa Bay Steel for $79.5 million. This strategic purchase is expected to enhance Russel’s value-added processing capabilities and leverage Tampa’s established management team. The acquisition, aimed to close by December 2024, will be financed through cash or credit facilities.
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