# Russel Metals to acquire Tampa Bay Steel for US$79.5 million

Russel Metals Inc. announced it has entered into an agreement to acquire Tampa Bay Steel Corporation for US$79.5 million, including working capital, buildings, equipment, and real estate. The acquisition extends Russel Metals' footprint into the Florida market.

- Type: Acquisition
- Announced: 2024-11-12
- Where: Florida, United States
- Value: $79.5M
- Status: announced
- Products: carbon steel, stainless steel, aluminum, non-ferrous metals, value-added processed metal products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Russel Metals](https://endata.com/companies/5410.md) (acquirer)
- [Tampa Bay Steel Corporation](https://endata.com/companies/80918.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/russel-metals-to-acquire-tampa-bay-steel-302303328.html), 2024-11-12: "Russel Metals Inc. (TSX: RUS) announces that it has entered into an agreement to acquire Tampa Bay Steel Corporation for US$79.5 million, subject to normal course adjustments."
- [newswire.ca](https://www.newswire.ca/news-releases/russel-metals-closes-acquisition-of-tampa-bay-steel-827305261.html), 2024-12-04: "We are excited to have Tampa Bay Steel join our Southern US businesses."
- [steel-technology.com](https://www.steel-technology.com/news/russel-metals-closes-acquisition-of-tampa-bay-steel), 2024-12-05: "We are excited to have Tampa Bay Steel join our Southern US businesses, especially as we continue to explore opportunities for growth in the region."

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