# Russel Metals agrees to acquire City Pipe & Supply Corp.

Russel Metals announced an agreement to acquire City Pipe & Supply Corp., a supplier of pipe, valves and fittings to oil and gas companies in Texas and New Mexico. The announcement was made on August 19, 2019.

- Type: Acquisition
- Announced: 2019-08-19
- Where: Texas and New Mexico, United States
- Value: $160.0M
- Status: announced
- Capacity: five distribution centers
- Products: pipe, valves, fittings
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Russel Metals](https://endata.com/companies/5410.md) (acquirer)
- [City Pipe & Supply](https://endata.com/companies/5411.md) (target)

## Sources

- [russelmetals.com](https://www.russelmetals.com/en/document/august-19-2019-russel-metals-announces-agreement-to-acquire-city-pipe-supply-corp/), 2019-08-19: "Russel Metals Announces Agreement to Acquire City Pipe & Supply Corp."
- [newswire.ca](https://www.newswire.ca/fr/news-releases/russel-metals-announces-agreement-to-acquire-city-pipe-amp-supply-corp--827462968.html), 2019-08-19: "Russel Metals Inc. (RUS - TSX) announced today that it has entered into a stock purchase agreement to acquire all the outstanding shares of City Pipe & Supply Corp. for approximately $160 million."
- [newswire.ca](https://www.newswire.ca/fr/news-releases/russel-metals-announces-the-closing-of-city-pipe-amp-supply-acquisition-801887790.html), 2019-10-01: "City Pipe & Supply is a leader in supplying pipe, valves, and fittings to oil and gas companies in the Permian, Eagle Ford, Granite Wash, Barnett and Haynesville basins."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.