Metals USA Acquires J. Rubin
Metals USA, Fort Lauderdale, Fla., has acquired Midwestern service center company J. Rubin & Co., Rockford, Ill. J. Rubin has locations in Illinois, Wisconsin and Minnesota, with a product range consisting of carbon steel bars, carbon plate and laser-cut flat-rolled products. It serves a variety of end markets.
“We are very pleased to welcome the J. Rubin team to the Metals USA family. J. Rubin represents every element that we look for in an acquisition: great management, profitability, and a broad product mix,” says Lourenco Goncalves, chairman, president and CEO of Metals USA, the ninth-largest service center company in North America in the 2009 Metal Center News Top 50.
The transaction is the first since Metals USA became a publicly traded company on the New York Stock Exchange in April. "This transaction fits squarely within the growth strategy that we articulated during our IPO process and we are continuing to evaluate additional strategic acquisition opportunities," Goncalves says.