| 词条 | Russel Metals |
| 释义 |
| name = Russel Metals Inc. | logo = Russel_Metals_Logo.png | type = Public | traded_as = {{tsx|RUS}} S&P/TSX Composite Component | foundation = 1929 | location_city = Mississauga, Ontario | key_people = {{Unbulleted list| Brian Hedges (CEO)| John Reid (President&COO)| Jim Dinning (Chairman)}} | location_country = Canada | industry = Metal Products | homepage = {{URL|http://www.russelmetals.com/}} }}Russel Metals Inc. is a Canadian public 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] HistoryThe company was originally established in 1929 as Federal Grain Limited, through a merger of several grain handling companies.[2] In 1972, it sold its grain assets to several grain pools, and re-named itself Federal Industries. After 1978, under the leadership of CEO John Fraser, the company expanded into a diverse range of industries, including bookstores, trucking, and airplane parts.[3] One of the companies acquired was Hugh Russel & Sons Ltd., originally founded in Winnipeg in 1785 by John Russel as John Russel & Co. The company also acquired the narrow-gauge Yukon and White Pass Railroad which shipped freight between Whitehorse, Yukon Territory and Skagway, Alaska (eventually sold in 1997) The company's expansion into diverse business lines was not successful, and the company experienced significant losses in a recession in the 1990s.[4] As a result, it sold off many of its non-core assets to focus on metals distributions and processing. As part of this process, the company renamed itself Russel Metals in 1995.[5] 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.[4] In 2007, Russel acquired JMS Metal Products, a US metals distributor, for $125 million.[6] In 2009, the company experienced significant losses as part of the great recession, and laid off 500 of its 3000 employees.[7] In 2012, the company acquired Apex Distribution, a Calgary-based metals distribution business focusing on the oil and gas industry.[8] BusinessRussel Metals primarily operates metal distribution and service centres for customers in the oil and gas, manufacturing, and construction industries.[5] 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. [9] References and footnotes1. ^1 2 {{Cite news|url=https://www.theglobeandmail.com/globe-investor/inside-the-market/thursdays-tsx-breakoutsa-stock-edging-higher-that-yields-5-and-has-a-unanimous-buy-call/article37058996/|title=Thursday’s TSX breakouts: A stock edging higher that yields 5% and has a unanimous buy call|last=|first=|date=2017-11-23|work=The Globe and Mail|access-date=2018-02-17|archive-url=|archive-date=|dead-url=}} 2. ^{{Cite web|url=http://www.mhs.mb.ca/docs/business/federalgrain.shtml|title=Manitoba Business: Federal Grain Limited|last=Goldsborough|first=Gordon|website=www.mhs.mb.ca|access-date=2018-02-16}} 3. ^{{Cite news|url=https://www.theglobeandmail.com/report-on-business/rob-magazine/the-10-greatest-ceos-of-all-time/article977759/|title=the 10 greatest CEOs of all time|last=|first=|date=|work=The Globe and Mail|access-date=2018-02-16|archive-url=|archive-date=|dead-url=}} 4. ^1 {{Cite news|url=https://www.theglobeandmail.com/report-on-business/an-acquisitive-mind/article20450413/|title=An Acquisitive Mind|last=|first=|date=2003-07-25|work=The Globe and Mail|access-date=2018-02-16|archive-url=|archive-date=|dead-url=}} 5. ^1 {{Cite news|url=https://www.theglobeandmail.com/report-on-business/economy/canada-competes/russel-metals-secrets-to-being-a-global-leader/article4521052/|title=Russel Metals: Secrets to being a global leader|last=|first=|date=2012-09-12|work=The Globe and Mail|access-date=2018-02-16|archive-url=|archive-date=|dead-url=}} 6. ^{{Cite news|url=https://www.thestar.com/business/2007/09/04/russel_metals_buys_us_firm_for_125m.html|title=Russel Metals buys U.S. firm for $125M|date=2007-09-04|work=The Toronto Star|access-date=2018-02-17|language=en-CA|issn=0319-0781}} 7. ^{{Cite news|url=https://toronto.ctvnews.ca/russel-metals-cuts-500-jobs-reduces-executive-wages-1.372895|title=Russel Metals cuts 500 jobs, reduces executive wages|last=|first=|date=2009-02-23|work=CTV News Toronto|access-date=2018-02-16|archive-url=|archive-date=|dead-url=|language=en-CA}} 8. ^{{Cite news|url=https://www.theglobeandmail.com/globe-investor/russel-metals-to-acquire-apex-distribution/article4508340/|title=Russel Metals to acquire Apex Distribution|last=|first=|date=2012-08-29|work=The Globe and Mail|access-date=2018-02-16|archive-url=|archive-date=|dead-url=}} 9. ^{{Cite news|url=http://business.financialpost.com/investing/nothing-but-positive-this-canadian-steel-company-is-giving-trumps-tariffs-the-thumbs-up|title='Nothing but positive': This Canadian steel company is giving Trump's tariffs the thumbs up|last=|first=|date= March 2, 2018|work=Financial Post|access-date=March 6, 2018|archive-url=|archive-date=|dead-url=}} 3 : Companies based in Mississauga|Companies listed on the Toronto Stock Exchange|Metal companies of Canada |
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