# Russel Metals receives regulatory clearance for Samuel acquisition

Russel Metals has received a no-action letter from the Canadian Competition Bureau for its previously announced acquisition of seven service center locations from Samuel, Son & Co., Limited. The transaction is expected to close in Q3 2024.

- Type: Acquisition
- Announced: 2024-06-04
- Where: Canada
- Status: announced
- Products: metal products, steel, pipe and tubular products, stainless steel, aluminum
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Russel Metals](https://endata.com/companies/5410.md) (acquirer)
- [Samuel, Son & Co.](https://endata.com/companies/29146.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/russel-metals-receives-regulatory-clearance-on-samuel-acquisition-835779396.html), 2024-06-04: "We are pleased to have obtained regulatory clearance, as we think the acquisition will be favourable for our customers, suppliers, employees and the communities in which we operate."

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