TORONTO, May 19, 2015 /CNW/ - Russel Metals Inc. (RUS
- TSX) announced today that it completed the acquisition of the
operations of Western Fiberglass Pipe Sales.
Western Fiberglass is a leading distributor of fibreglass down
hole tubing casing, facility pipe and line pipe within the oil and
gas industry servicing Western
Canada, with offices located in Estevan, Saskatchewan and Red Deer, Alberta. Western Fiberglass
had annual revenues of approximately $30
million. The newly acquired business will operate
under the name Apex Western Fiberglass.
Don White, President of Apex
Distribution, commented "We are extremely pleased to add the
operations of Western Fiberglass to our network of oilfield
operations. Their fiberglass pipe and fitting product line,
design capabilities and technical installation services will
provide added value to our customer base. Fibreglass is a
viable alternative to steel applications in the oil and gas
industry that provides less maintenance, low installation cost,
improved flow capacity and long service life."
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, under various names including
Russel Metals, A.J. Forsyth, Acier
Leroux, Acier Loubier, Alberta Industrial Metals, Apex
Distribution, Apex Monarch, Apex Remington, Apex Western
Fiberglass, Arrow Steel Processors, B&T Steel, Baldwin
International, Comco Pipe and Supply, Fedmet Tubulars, JMS Russel
Metals, Leroux Steel, McCabe Steel, Mégantic Métal, Métaux Russel,
Métaux Russel Produits Spécialisés, Milspec, Norton Metals, Pioneer
Pipe, Russel Metals Specialty Products, Russel Metals Williams
Bahcall, Siemens Laserworks, Spartan Energy Tubulars, Sunbelt
Group, Triumph Tubular & Supply, Wirth
Steel and York-Ennis.
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SOURCE Russel Metals Inc.