Posted in | News | Ferrous Alloys and Metals | Business | Iron and Steel

Russel Metals Acquire Leroux Steel

Jul 7 2003

Leroux Steel stock and debt holders have unanimously supported the $185million takeover bid of Russell Metals. The deal has also been approved by Canada’s Federal Competition Bureau.

The acquisition of Quebec-based Leroux Steel by Toronto-based Russell Metals, Canada’s two largest metal distributors, will result in a company with a market share of approximately 40%.

For more information on steel, click here.

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