TORONTO, March 28, 2013 /CNW/ - Wayne Bassett, President and CEO of
Samuel, Son & Co., Limited announced today that the Company has reached
an agreement to purchase the assets of Wilkinson Steel and Metals Inc.
The transaction is expected to close in late April 2013 following
Commenting on the acquisition, Mr. Bassett said "Wilkinson is a one
hundred year old steel and metal service center business that is
aligned to the natural resource based economies of the three Western
provinces, dealing directly with the forestry, mining, and shipbuilding
industries in British Columbia, oil, gas, and mining in Alberta, and
agriculture, mining, and oil & gas in Saskatchewan. Wilkinson offers a
full range of products, processing services and delivery capabilities
to companies directly engaged in the natural resource industries.
Samuel and Wilkinson maintain complimentary product lines with minimal
customer and product overlap." Wilkinson also adds bars and structurals
to Samuel's product offering. Wilkinson is currently owned by the
international private equity group Nova Capital Management Ltd.
Bill Hughes, President of Wilkinson added that "the acquisition by
Samuel provides an excellent strategic and geographic fit that will
best serve the interests of Wilkinson's existing customers, suppliers
and employees, generating new opportunities and profitable growth."
Samuel, Son & Co., Limited is the 5th largest processor and distributor of carbon steel, stainless steel and
aluminum in North America with over 100 strategically located steel
service centers and manufacturing facilities.
SOURCE: Samuel Son & Co., Limited
For further information:
Strategic Planning & Business Development
Samuel, Son & Co., Limited
Tel: (905) 279-5460