Samuel, Son & Co.

Last updated
Samuel, Son & Co., Limited
FormerlyM & L Samuel (1855–1931)
Company type Private
Industry Metals, metalworking
Founded1855;169 years ago (1855)
Toronto, Canada West
FoundersMark Samuel
Lewis Samuel
Headquarters1900 Ironoak Way
Oakville, Ontario, Canada
Number of locations
88 (2020) [1]
Area served
 Australia, Canada, Mexico, and the United States
Key people
Colin Osborne
(President and CEO)
OwnerSamuel family [2]
Number of employees
5,200 (2018) [3] [4]
Website samuel.com

Samuel, Son & Co. is a Canadian multinational company specializing in metal processing, distribution, and industrial products. As of 2018, the company has over 5,200 employees and is one of the largest processors and distributors of metal products in North America. [3] [4] [5]

Contents

History

Samuel, Son & Co. was founded by brothers Mark and Lewis Samuel in 1855 as "M & L Samuel" in Downtown Toronto. [3] [4] [2] The company operated out of the Coffin Block Building until 1881. [6] In 1907, a larger location was built at King Street and Spadina Avenue in Toronto's Garment District (now the Entertainment District). [2] [7]

In 1931, ownership of the company was transferred to Sigmund Samuel, and it was renamed as Samuel, Son & Co. [2] [6] In 1956, Samuel expanded into the Montreal area with the opening of "Samuel & Fils", their first location outside of Toronto. [2] [6] In 1960, Samuel moved their headquarters to neighbouring Mississauga as the construction of the Gardiner Expressway provided growth west of Toronto. [2]

On April 29, 1962, Sigmund Samuel died, leaving Ernest Samuel as his successor. [2] [8] In 1963, the "Samuel Strapping Systems" division was founded, which manufactures a range of packaging and strapping products. [2] [6] The following year, Samuel founded "Kim-Tam Logistics" in 1964 as a solution to handle the growing demands of their metal processing business. [2]

Acquisitions

In 1972, Bothwell Steel and Nelson Steel were both acquired by Samuel. [2]

Around 1991, Samuel purchased the Ontario portion of Wilkinson Steel, and Wilkinson acquired the western divisions of Samuel. Under agreement of neither company operating in each other's respective locations. Upon the agreements end, Samuel returned to Western Canada.

On March 28, 2013, it was announced that Wilkinson Steel would be acquired by Samuel. [5] The merger more than doubled the company's presence in the Western Canadian market. [9] The deal was finalized in May 2013. [10]

On December 13, 2013, Evraz sold their coil processing facility in Surrey, British Columbia to Samuel. [11] [12]

On November 15, 2017, Samuel announced the acquisition of Main Steel of Elk Grove Village, Illinois, with operations in four U.S. states. [13] [14]

On May 4, 2018, it was announced that Samuel would acquire CAID Industries Inc. of Tucson, Arizona. [3] [4]

On July 12, 2018, Samuel announced that they would acquire Sierra Aluminum of Riverside, California. [15]

On June 1, 2021, Samuel announced that they had acquired Systematix Inc. of Waterloo, Ontario. [16]

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References

  1. ↑ "Locations". samuel.com. Retrieved January 20, 2021.
  2. 1 2 3 4 5 6 7 8 9 10 "Our History". samuel.com. Retrieved January 20, 2021.
  3. 1 2 3 4 "Samuel, Son & Co. Acquires CAID Industries". newswire.ca. May 4, 2018. Retrieved January 20, 2021.
  4. 1 2 3 4 Rico, Gabriela (May 27, 2018). "Tucson's CAID Industries bought by Canadian firm". Arizona Daily Star. Retrieved January 20, 2021.
  5. 1 2 "Wilkinson Steel and Metals Inc. Enters Into an Agreement to Sell its Assets to Samuel, Son & Co., Limited". newswire.ca. March 28, 2013. Retrieved January 20, 2021.
  6. 1 2 3 4 Keddy, Steven (December 2012). "Spotlight On... Samuel, Son & Co., Limited" (PDF). Stainless Steel World America. Retrieved January 20, 2021.
  7. ↑ "Samuel Building". emporis.com. Archived from the original on December 13, 2021. Retrieved January 20, 2021.
  8. ↑ "Canadian Historian Is Dead". Edmonton Journal. April 30, 1962. p. 30. Retrieved January 20, 2021– via newspapers.com.
  9. ↑ "Competition Bureau statement regarding Samuel, Son & Co. Limited's acquisition of Wilkinson Steel and Metals Inc". competitionbureau.gc.ca. May 2, 2013. Archived from the original on May 13, 2013. Retrieved January 20, 2021.
  10. ↑ "Wilkinson Steel and Metals to sell assets to Samuel, Son & Co". Canadian Metalworking. April 1, 2013. Retrieved January 20, 2021.
  11. ↑ "EVRAZ plc – Annual Report and Accounts 2014" (PDF). annualreports.com. March 31, 2015. p. 60. Retrieved January 20, 2021.
  12. ↑ "Trade and Anti-dumping Programs Directorate" (PDF). cbsa-asfc.gc.ca. April 21, 2016. p. 7. Archived (PDF) from the original on July 14, 2017. Retrieved January 20, 2021.
  13. ↑ "Main Steel Acquired By Samuel, Will Continue To Operate As An Independent Processor". samuel.com. November 15, 2017. Retrieved January 20, 2021.
  14. ↑ "Samuel Son & Co. Acquires Main Steel". Metal Center News. November 21, 2017. Archived from the original on August 11, 2020. Retrieved January 20, 2021.
  15. ↑ "Samuel Acquires Sierra Aluminum". newswire.ca. July 12, 2018. Retrieved January 20, 2021.
  16. ↑ "SAMUEL ACQUIRES SYSTEMATIX". Samuel. June 1, 2021. Retrieved 2021-06-03.
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