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Russel Metals Inc.

09:56 AM EST - Russel Metals Inc. : Has closed its acquisition of Sanborn Tube Sales of Wisconsin , Inc. Sanborn is a metals service center with a heavy emphasis in value-added processing. The Sanborn operation, based in Pewaukee, Wisconsin, is in close proximity to our three Wisconsin service centers and offers the opportunity for the combined business to expand our product offering. Over the past several years, Sanborn generated annual sales of approximately $19 million U.S. across a diverse base of industrial customers. Russel Metals Inc. shares T.RUS are trading up $0.03 at $22.76.