TORONTO, Oct. 3 /CNW/ - Metal Supermarkets Corporation(R) (MSC) is
pleased to announce that effective October 2, 2007, MSC has acquired 100% of
the outstanding units of Metal Mart LLC, dba Metal Express(R) from A. M.
Castle & Co. (Castle).
"Metal Express' business model closely mirrored that of Metal
Supermarkets and was a natural, logical and synergistic fit to our own
business" said Stephen Schober, MSC's President & Chief Executive Officer.
"There were few markets where there were any overlaps with our existing
locations, thereby enabling us to considerably expand our geographic coverage
in markets we had targeted for our own growth."
Known worldwide as The Convenience Stores of the Metal Industry(TM),
Metal Supermarkets is a specialized metal distributor focusing on small
quantities of virtually all types and forms of metals, custom cut to size, and
delivered fast. While the majority of revenues come from corporate operations,
the company is also the only small quantity metal dealer franchise in the
world and is the world's largest supplier of small quantity metals.
Prior to acquiring Metal Express, MSC operated 23 corporate locations in
Canada, the United States, England and Scotland. A total of 60 franchised
locations are located in the United States, Canada, England, Austria and the
United Arab Emirates.
Metal Supermarkets was founded in Canada in 1985. Its headquarters is in
Toronto, Ontario, Canada.
Prior to its acquisition by MSC, Metal Express operated as an independent
division of Castle, with 15 locations throughout the US. Known as the nation's
leading Cut-to-Order Metal Specialist, Metal Express has achieved a stellar
reputation in metal distribution providing an extensive selection of top
quality metals and prompt service.
"We are very thrilled and pleased to welcome the Metal Express team into
the newly expanded Metal Supermarkets family", says Mr. Schober. "MSC is
totally committed to Customer Satisfaction and we will now be able to serve
our customers even better with expanded offerings and improved geographic
For further information:
For further information: Stephen Schober, President and Chief Executive
Officer, (905) 362-8230, email@example.com