Samuel Completes Acquisition of Doral Steel Inc.
December 6, 2011 -- Toledo, OH, USA / Mississauga, ON, Canada
Wayne Bassett, President and CEO of Samuel, Son & Co., Limited and Cam Smith Sr., Chairman and CEO of Doral Steel announced today the confirmation of the signing of the agreement for the Samuel acquisition of Doral Steel Inc.
Doral Steel will operate as an independent business division of Samuel, Son & Co. Inc. Cam Smith Jr. will stay on as President of Doral Steel and report to Al Bromley, President of the Samuel’s U.S. Service Center Division. Mike Crooks will retain his role as Executive Vice President of Doral.
Doral sells and stocks a full range of carbon flat rolled products and has one location in
Toledo, Ohio with 120,000 sq. ft. of warehouse space and four slitters and another in
Clinton, Tennessee with 58,000 sq. ft. and two slitters. As well, Doral has an exclusive processing agreement for use of a slitter and cut-to-length line in Monterrey, Mexico.
“The addition of Doral Steel will significantly increase the ability of Samuel to serve our current customer base by providing additional processing capacity of aluminum and stainless products for our current locations from Pennsylvania to Georgia and into the Midwest. Doral’s significant participation in automotive accounts will help to increase our growing presence in the automotive market.” said Mr. Bassett.