Canada-based metals distributor Russel Metals has announced that it has completed the acquisition of seven metals service centers in the US from Klöckner Metals Corporation, a subsidiary of Germany-based producer and distributor of steel and non-ferrous metals Klöckner & Co., for a total consideration of $102 million.
The acquired service centers are located in Dubuque, Iowa; Charlotte, North Carolina; Suwanee, Georgia; Houston and Austin, Texas; and Jacksonville and Pompano Beach, Florida.
In parallel with this transaction, Klöckner & Co. also confirmed that it completed the divestment of its Amarillo, Texas distribution site to Service Steel Warehouse in December 2025.
Russel strengthens US presence, while Klöckner targets higher value-added activities
Commenting on the acquisition, John Reid, president and CEO of Russel Metals, stated that the transaction reinforces the company’s position in strategically important US markets, supporting its long-term growth strategy across North America.
Guido Kerkhoff, CEO of Klöckner & Co., noted that following the completion of both divestments, the group’s strategic focus has shifted more clearly toward higher value-added activities and service center operations. Looking ahead to 2030, he emphasized that Klöckner aims to secure a leading position as a metals processing and service center group in North America and Europe, while achieving profitability levels among the strongest in the sector.
