Russel Metals completed the acquisition of JMS in September 2007. The transaction provides Russel Metals with access to JMS’ value-added processing services, and expands Russel Metals’ presence and customer base within the United States.
JMS METAL SERVICES, INC.
JMS Metal Services, Inc. ("JMS") founded in 1990 and based in Jackson, TN, is a leading steel service center that distributes and processes alloy, carbon steel, stainless steel, aluminum, and other specialty steel products for more than 3,500 customers in a broad range of industries. JMS provides a wide variety of complex, precision value-added processing services to meet each customer’s specifications and to deliver products to fabricators, manufacturers and multiple other end users.
JMS operates eight strategically located processing and distribution facilities in Alabama, Arkansas, Georgia, Kentucky and Tennessee. This broad geographic footprint allows JMS to focus on regional customers and larger multi-location accounts, primarily located throughout the Midwestern and Southern United States.
RUSSEL METALS INC.
Russel Metals Inc. ("Russel Metals") based in Toronto, ON, is one of the largest metals distribution and processing companies in North America. Russel Metals provides a wide range of value-added services, and distributes products to a broad base of approximately 18,000 customers through a network of 58 Canadian and 4 U.S. locations. During the calendar year ended December 31, 2006, Russel Metals achieved sales and EBITDA of CAD$2.7 billion and CAD$270 million, respectively.