Canadian steel processor and distributor Russel Metals has completed its acquisition of Sanborn Tube Sales of Wisconsin Inc.
On integrating with Russel Metals, Sanborn will focus on value-added processing, with its location adding more value to Russel Metals’ existing three service centers in Wisconsin, Russel Metals indicated in a statement on Thursday. Sanborn previously generated sales of around $19mn annually, according to the statement.
All of Sanborn’s employees are now under the Russel Metals’ umbrella, the company’s president and chief executive officer John Reid stated.