Russel Metals Announces Increased Focus on OCTG Product in the U.S.
17 Januar 2011 - 1:48PM
Marketwired
Russel Metals Inc. (TSX: RUS) today announced the appointment of
Dean Rougas as the new President of the Company's Spartan Steel
Products division. Dean brings considerable expertise in the Oil
Country Tubular Goods ("OCTG") area to Spartan. Dean will be
located in Houston, Texas and report to Mike Harris, the President
of Pioneer Pipe. Dean will be supported by Spartan's team located
in Evergreen, Colorado.
Brian Hedges President and CEO commented "The growing
opportunities in OCTG product, fueled by increased drilling
activities and improved economics of the shale oil and gas fields,
is one of our areas of focus. The addition of Dean to our team
allows us to grow organically and increase our investment in this
dynamic growth opportunity. The North American supply of OCTG
products has stabilized following the wave of consolidations in
2007 and 2008, which impacted the distribution channel. We feel
this is the right time to increase our presence in the U.S. through
our Spartan Energy Tubulars operations. I am very pleased that we
have been able to attract a veteran industry executive like Dean to
quarterback this area."
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 tubular
products and steel distributors, under various names including
Russel Metals, A.J. Forsyth, Acier Leroux, Acier Loubier, Acier
Richler, Arrow Steel Processors, B&T Steel, Baldwin
International, Comco Pipe and Supply, Fedmet Tubulars, JMS Russel
Metals, Leroux Steel, McCabe Steel, Megantic Metal, Metaux Russel,
Metaux Russel Produits Specialises, Milspec, Norton Metals, Pioneer
Pipe, Russel Metals Specialty Products, Russel Metals Williams
Bahcall, Spartan Steel Products, Sunbelt Group, Triumph Tubular
& Supply, Wirth Steel and York-Ennis.
Contacts: Russel Metals Inc. Marion E. Britton, C.A. Vice
President and Chief Financial Officer (905) 819-7407
info@russelmetals.com www.russelmetals.com
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