Russel Metals Closes US$102 Million Deal for Seven U.S. Service Centers

Russel Metals ( (TSE:RUS) ) has issued an announcement.

Russel Metals Inc. has completed the US$102 million acquisition of seven metals service centers in the United States from Kloeckner Metals Corporation, expanding its presence in key markets including Iowa, North Carolina, Georgia, Texas and Florida. The deal broadens Russel Metals’ U.S. footprint in strategically important regions, strengthens its core metals service center network and supports its ongoing shift toward value-added processing, with the integration of the acquired facilities and employees expected to enhance its competitive position in North American metals distribution.

The most recent analyst rating on (TSE:RUS) stock is a Buy with a C$46.00 price target. To see the full list of analyst forecasts on Russel Metals stock, see the TSE:RUS Stock Forecast page.

Spark’s Take on TSE:RUS Stock

According to Spark, TipRanks’ AI Analyst, TSE:RUS is a Outperform.

Russel Metals’ strong earnings performance and strategic expansion efforts are the most significant factors driving the score. While financial performance shows some challenges, the company’s technical indicators and valuation are favorable. The positive sentiment from the earnings call further supports the stock’s outlook.

To see Spark’s full report on TSE:RUS stock, click here.

More about Russel Metals

Russel Metals Inc. is one of North America’s largest metals distribution companies, operating through metals service centers, energy field stores and steel distribution businesses. Its service centers offer a broad range of metal products, including carbon steel, pipe and tubular products, stainless steel, aluminum and other non‑ferrous specialty metals, while its energy field stores focus on supplying specialized products to energy industry customers and its steel distributors sell large-volume steel mainly to other service centers and major equipment manufacturers.

Average Trading Volume: 181,250

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$2.45B

Learn more about RUS stock on TipRanks’ Stock Analysis page.