Russel Metals Inc.

Published : December 02nd, 2013

Russel Metals Announces its Acquisition of Monarch Supply

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Russel Metals Announces its Acquisition of Monarch Supply


TORONTO, Dec. 2, 2013 /CNW/ - Russel Metals Inc. (RUS - TSX) announced today that it has closed an acquisition to acquire the operations of Monarch Supply Ltd.

Monarch Supply is an oilfield supply company predominately servicing the Drayton Valley, Alberta area.  Monarch Supply has annual revenues of approximately $50 million and earnings before interest and taxes of approximately $8 million.  The purchase prices includes cash consideration of approximately $33 million plus a five year earnout to be paid based on future earnings before interest and taxes and return on net assets.

Monarch Supply will report to Don White, President and CEO of Apex Distribution, and the existing management and employee group will continue to be responsible for the operations of Monarch Supply.

Don White, President and CEO of Apex Distribution stated "Apex Distribution has benefited from a long time working relationship with Monarch Supply.  There is an excellent fit between the product offerings, customer base and distribution capabilities of the two companies."

Brian R. Hedges, President and CEO of Russel Metals stated "The addition of Monarch Supply cements a long standing relationship between Monarch Supply and Apex Distribution and provides further growth for our business in the oilfield products market.  We are also investing in greenfield locations through Apex Remington in the active shale plays in the USA, which will provide further growth opportunities for our energy segment."

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 Remington, Arrow Steel Processors, B&T Steel, Baldwin International, Comco Pipe and Supply, Fedmet Tubulars, JMS Russel Metals, Leroux Steel, McCabe Steel, M�gantic M�tal, M�taux Russel, M�taux Russel Produits Sp�cialis�s, 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.

SOURCE: Russel Metals Inc.

For further information:

Marion E. Britton, C.P.A., C.A.
Executive Vice President and Chief Financial Officer
Russel Metals Inc.
(905) 819-7407
E-mail:  info@russelmetals.com
Website:  www.russelmetals.com

.

Russel Metals Inc.

CODE : RUS.TO
ISIN : CA7819036046
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Russel Metals is a producing company based in Canada.

Russel Metals is listed in Canada. Its market capitalisation is CA$ 1.4 billions as of today (US$ 1.0 billions, € 924.2 millions).

Its stock quote reached its lowest recent point on May 08, 2009 at CA$ 10.02, and its highest recent level on September 17, 2019 at CA$ 21.92.

Russel Metals has 61 790 000 shares outstanding.

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Financings of Russel Metals Inc.
8/3/2011Announces a 9% Increase in Common Share Dividend
Option Grants of Russel Metals Inc.
2/13/2013Declares Common Share Dividend
10/30/2012Declares Common Share Dividend
5/4/2012Announces a 17% Increase in Common Share Dividend
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Nominations of Russel Metals Inc.
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Financials of Russel Metals Inc.
5/3/2016Announces 2016 First Quarter
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11/7/2013Russel Metals Announces Third Quarter Results
11/7/2013Russel Metals Announces Third Quarter Results
8/7/2013Announces Second Quarter Results
2/13/2013Announces 2012 Annual and Fourth Quarter Results
10/30/2012Announces Third Quarter Results
5/4/2012Announces Solid First Quarter Results
2/16/2012Announces Strong 2011 Annual and Fourth Quarter Results
8/5/2011Announces Strong Second Quarter Results
5/16/2011Announces a Significant Increase in First Quarter Results
2/17/2011Announces 2010 Annual and Fourth Quarter Results
8/11/2010Stronger Second Quarter 2010 Net Earnings
5/12/2010Announces Stronger First Quarter 2010 Net Earnings
2/18/20102009 Annual and Fourth Quarter Results
11/3/2009Announces Sequentially StrongerThird Quarter 2009 Net Earnin...
8/5/2009Announces 2009 Second Quarter Loss
2/24/20092008 Annual and Fourth Quarter Results
11/6/2008Reports Third Quarter 2008 Net Earnings of $1.45 Per Share a...
8/5/2008 Reports Second Quarter 2008 Net Earnings of $1=2E25 Per Sha...
6/11/2008Exceed Street Expectations for Second Quarter Earnings
5/12/2008 Reports First Quarter 2008 Net Earnings of $0.46 per Share
Project news of Russel Metals Inc.
12/2/2013Russel Metals Announces its Acquisition of Monarch Supply
5/24/2012Announces the Acquisition of Alberta Industrial Metals
Corporate news of Russel Metals Inc.
1/22/2016S&P Dow Jones Indices Announces the Annual Review of S&P/TSX...
11/4/2015Russel Metals Announces Redemption of 7.75% Convertible Unse...
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10/30/2015Russel Metals Declares Common Share Dividend
10/30/2015Russel Metals Announces 2015 Third Quarter Results
9/30/2015Notice - 2015 Third Quarter Results Conference Call
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8/12/2015Russel Metals Announces 2015 Second Quarter Results
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7/13/2015Notice - 2015 Second Quarter Results Conference Call
4/6/2015Russel Metals Supports Higher Education
4/6/2015Notice - 2015 First Quarter Results Conference Call
2/18/2015Russel Metals Announces Strong 2014 Annual and Fourth Quarte...
2/18/2015Russel Metals Declares Common Share Dividend
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10/3/2014Russel Metals Inc. Notice - 2014 Third Quarter Results Confe...
8/12/2014Russel Metals Announces a 9% Increase in Common Share Divide...
8/12/2014Russel Metals Announces Second Quarter Results
7/10/2014Russel Metals Inc. Notice - 2014 Second Quarter Results Conf...
2/19/2014Russel Metals Declares Common Share Dividend
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12/2/2013Métaux Russel annonce l'acquisition de Monarch Supply
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11/7/2013Russel Metals Declares Common Share Dividend
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11/7/2013Métaux Russel déclare un dividende sur ses actions ordinaire...
11/7/2013Métaux Russel déclare un dividende sur ses actions ordinaire...
11/7/2013Declares Common Share Dividend
9/4/2013Announces Installation of a Bu =?ISO-8859-1?Q?tech=20Bliss=2...
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7/8/20132013 Second Quarter Results Conference Call
5/13/2013Announces 2013 Annual Meeting Voting Results
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2/8/2013Announces Settlement of Strike =?ISO-8859-1?Q?=20at=20Bouche...
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11/8/2012Announces the Acquisition of Alberta Based Apex Distribution
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10/1/2012Notice: 2012 Third Quarter Results Conference Call
10/1/2012Notice: 2012 Third Quarter Results Conference Call
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