Russel Metals (TSE:RUS) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.
For further insights into TSE:RUS stock, check out TipRanks’ Stock Analysis page.