Russel Metals to sell 50% stake in TriMark to Marubeni-Itochu Tubulars America

Russel Metals has agreed to sell its 50% equity interest in TriMark Tubulars Ltd. to Marubeni-Itochu Tubulars America Inc. for approximately $61 million. The transaction is expected to close in Q3 2023.

“Russel Metals will sell its 50% equity interest in TriMark Tubulars Ltd. for approximately $61 million.”prnewswire.com

• 3 sources
• prnewswire.comRUSSEL METALS TO SELL ITS 50% EQUITY INTEREST IN TRIMARK TO MARUBENI-ITOCHURussel Metals Inc.Jul 31, 2023
• akm.ruCanadian Russel Metals sells 50% in TriMark TubularsAug 1, 2023
• steelorbis.comRussel Metals to sell 50 percent interest in TriMark TubularsAug 1, 2023

Summarized from public sources; check the original articles before acting on it.