Canadian metal distribution company Russel Metals Inc. (OTCPK:RUSMF) has announced its acquisition of seven service centers from Klöckner in the United States for $118.6 million. The acquisition is anticipated to deliver robust revenue growth and operational synergies, with the transaction expected to close by the end of 2025 or early 2026.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.