Russel Metals to acquire City Pipe & Supply for $160 million

Russel Metals has entered into a stock purchase agreement to acquire all outstanding shares of City Pipe & Supply for about $160 million. City Pipe & Supply had revenues of about $275 million in its last fiscal year and supplies pipe, valves and fittings to oil and gas companies.

“Russel Metals recently announced it has entered into a stock purchase agreement to acquire all the outstanding shares of City Pipe & Supply Corp., for about $160 million.”supplyht.com

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• supplyht.comRussel Metals to acquire City Pipe & Supply | 2019-10-17 | Supply House TimesBy: Brad WilliamsOct 17, 2019

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