 | |
| Type | Public |
|---|---|
| TSX: RUS S&P/TSX Composite Component | |
| Industry | Metal Products |
| Founded | 1929 |
| Headquarters | , Canada |
Key people |
|
| Website | www |
Russel Metals Inc. is a Canadian metals distribution and processing company. It is one of North America's largest metal distribution companies, with operations across Canada and the United States. [1]
The company was originally established in 1929 as Federal Grain Limited, through a merger of several grain-handling firms. [2] In 1972, the company sold its grain assets to several grain pools, and it then renamed itself as Federal Industries Ltd. [3]
After 1978, under the leadership of CEO John Fraser, the company expanded into a diverse range of industries, including bookstores, trucking and airplane parts. [4] One of the businesses acquired was metals firm Hugh Russel & Sons Ltd., which had originally been founded in 1785 as John Russel & Co. in Montreal by Scottish-born merchant John Russel. The company also acquired the narrow-gauge Yukon and White Pass Railroad, which shipped freight between Whitehorse, Yukon, and Skagway, Alaska (eventually sold in 1997).
The company's expansion into diverse business lines was not successful, and it experienced significant losses during a recession in the 1990s. [5] As a result, it sold off many of its non-core assets to focus on metals distribution and processing. As part of this process, the company renamed itself as Russel Metals Inc. in 1995. [6] After a 1997 proxy battle involving businessman K. Rai Sahi, John Fraser and CEO John Pelton resigned, and the company narrowed its focus on metals under new CEO Bud Siegal. [5]
In 2007, Russel acquired JMS Metal Products, a U.S. metals distributor, for $125 million. [7] In 2009, the company experienced significant losses as part of the great recession and laid off 500 of its 3,000 employees. [8] In 2012, the company acquired Apex Distribution, a Calgary-based metals distribution business focusing on the oil and gas industry. [9]
Russel Metals primarily operates metal distribution and service centres for customers in the oil and gas, manufacturing, and construction industries. [6] It has three business segments: metals service centres, energy products, and steel distributors. As of 2017, 49% of revenue was from the service centres, 39% was from energy products, and the rest was from steel distribution. [1] It has sites in both Canada and the United States, with most sites located in Canada, [1] and derives roughly 30 per cent of its revenues from the United States. [10]
Boise Cascade Company, which uses the trade name Boise Cascade, is a North American manufacturer of wood products and wholesale distributor of building materials, headquartered in Boise, Idaho.
Brookfield Corporation is a Canadian multinational company that is one of the world's largest alternative investment management companies, with over US$725 billion of assets under management in 2022. It focuses on direct control investments in real estate, renewable power, infrastructure, credit and private equity. The company invests in distressed securities through Oaktree Capital, which it bought in 2019. Brookfield's headquarters are in Toronto. It also has corporate offices in New York City, London, São Paulo, Mumbai, Shanghai, Dubai, and Sydney.
McKesson Corporation is an American company distributing pharmaceuticals and providing health information technology, medical supplies, and care management tools. The company delivers a third of all pharmaceuticals used in North America and employs over 78,000 employees. McKesson had revenues of $238.2 billion in its fiscal year ending March 31, 2021.
Transcontinental Inc., operating as TC Transcontinental, is a Montreal-based packaging, commercial printing and specialty media company.
CGI Inc. is a Canadian multinational information technology consulting and systems integration company headquartered in Montreal, Quebec, Canada. The company went public in 1986 with a primary listing on the Toronto Stock Exchange. CGI is also a constituent of the S&P/TSX 60 and has a secondary listing on the New York Stock Exchange.
Ingram Content Group is an American service provider to the book publishing industry, based in La Vergne, Tennessee. It is a subsidiary of Ingram Industries.
Central National-Gottesman Inc. (CNG) is one of the world's largest distributors of pulp, paper, packaging, nonwovens & fibers, tissue, metals and wood products. The company employs over 3,000 staff in more than 150 locations in 48 cities across North America and in 29 countries around the world, including 43 warehouses and 46 retail stores.
TTI, Inc., is a distributor of electronic components that include capacitors, resistors, connectors, switches, relays, circuit protection, electromagnetics, discrete semiconductors, sensors, RF modules, and antennas.
WorleyParsons Limited, branded as Worley after completing the acquisition of Jacobs' Energy, Chemicals & Resources (ECR) division, is an American Australian engineering company which provides project delivery and consulting services to the resources and energy sectors, and complex process industries.
Schnitzer Steel Industries, Inc. is a steel manufacturing and scrap metal recycling company headquartered in Portland, Oregon.
Frank Giustra is a Canadian businessman, mining financier and global philanthropist, who also founded Lionsgate Entertainment. He is CEO of Fiore Group of Companies and co-chair of International Crisis Group. From 2001 to 2007, he was the chairman of the merchant banking firm, Endeavour Financial, which financed mining companies.
Carpenter Technology Corporation develops, manufactures, and distributes stainless steels and corrosion-resistant alloys. In fiscal year 2018, the company's revenues were derived from the aerospace and defense industry (55%), the industrial and consumer industry (17%), the medical industry (8%), the transportation industry (7%), the energy industry (7%), and the distribution industry (6%). The company's products are used in landing gear, shaft collars, safety wires, electricity generation products, intervertebral disc arthroplasty, and engine valves and weldings.
Unican Security Systems Ltd. was a Canada-based company created by Aaron Fish in the 1960s and sold in 2000. At its sale, the company had over $800 million in sales annually and was the largest maker of key blanks and key copying machines in the world.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machining, and welding. Its Chicago Tube & Iron subsidiary is a distributor of steel tubing, pipe, bar, valves & fittings, and fabricates pressure parts.
Darren Throop is a Canadian businessman who is the founder and CEO of Entertainment One (eOne). Through corporate acquisitions and partnerships, Throop has expanded Entertainment One’s global footprint and network which includes film and television studio The Mark Gordon Company; content creation venture Amblin Partners with Steven Spielberg, DreamWorks Pictures, Participant Media, and Reliance Entertainment; leading feature film production and global sales company Sierra Pictures; unscripted television production companies Renegade 83, Paperny Entertainment and Force Four Entertainment; world-class music labels Dualtone Music Group and Last Gang Records; and award-winning digital agency Secret Location.
MNRK Music Group is a New York City-based independent record label and music management company. It was formed in 2009 from the music assets of Koch Entertainment, which had been acquired by the present-day Entertainment One (eOne) in 2004. In April 2021, after the acquisition of eOne by Hasbro, the company announced that it would sell eOne Music to The Blackstone Group.
Klöckner & Co SE is a German producer-independent steel and metal distributor. Klöckner's core business is the sale of steel and non-ferrous metals. The company has an established distribution network and some 150 locations.
Maxar Technologies Inc. is a space technology company headquartered in Westminster, Colorado, United States, specializing in manufacturing communication, Earth observation, radar, and on-orbit servicing satellites, satellite products, and related services. DigitalGlobe and MDA Holdings Company merged to become Maxar Technologies on October 5, 2017. Maxar Technologies is the parent holding company of Space Systems Loral, headquartered in Palo Alto, California, US; DigitalGlobe, headquartered in Westminster, Colorado, US; and Radiant Solutions, headquartered in Herndon, Virginia, US. Maxar Technologies is dual-listed on the Toronto Stock Exchange and New York Stock Exchange as MAXR.
Altus Group Limited is a provider of asset and fund intelligence for commercial real estate. The company is headquartered in Toronto, Canada and employs approximately 2,800 employees with operations in North America, Europe and Asia Pacific.It is a public company, with its shares listed on the Toronto Stock Exchange under the symbol AIF, and Altus Group’s market capitalization is around $2.7 billion as of the end of 2022. For fiscal 2022, the company had annual revenues of C$735 million and C$135 million in adjusted EBITDA.
Levelfilm, stylized as levelFILM, is a Canadian film distribution company based in Toronto, Ontario. The company was founded by David Hudakoc and Michael Baker in 2013, and later acquired two other Canadian distribution houses: Search Engine Films in 2018 and KinoSmith in 2021. It has released more than 200 titles, with a focus on independent Canadian films.