RUSSEL METALS TO ACQUIRE SEVEN SERVICE CENTERS IN THE US FROM KLOECKNER
Summary
The acquisition includes the working capital, real estate, buildings and equipment, along with the operating personnel for the seven locations. We believe this acquisition will provide operating benefits through enhanced inventory management, procurement, and re-investments in facility modernizations and value-added equipment. The transaction will be financed from our cash on hand or drawings under our existing credit facility, which totaled $566 million on June 30, 2025. 1 Represents earnings before the sellers corporate allocations/charges (that would not be recurring under Russel), interest, income taxes, depreciation and amortization. It carries on business in three segments: metals service centers, energy field stores and steel distributors.