Samuel Acquires Doral Steel
Canadian service center giant Samuel, Son & Co. Ltd. has further expanded its presence in the United States with the acquisition of Doral Steel. Doral is a supplier of carbon flat-rolled products throughout North America.
The company operates a 120,000-square-foot facility with four slitters in Toledo, Ohio, plus a 58,000-square-foot-facility with two slitters in Clinton, Tenn. It also has an exclusive processing agreement for use of a slitter and cut-to-length line in Monterrey, Mexico.
“Doral Steel is an excellent addition to our existing service center operations,” says Wayne Bassett, president and CEO of Samuel. “Doral is a 36-year-old family business that focuses on service and quality and has a culture very similar to that of Samuel.”
Doral Steel will operate as a stand-alone business. Cam Smith Jr. will continue as president of Doral Steel and will report to Al Bromley, president of USA Service Centers for Samuel. Mike Crooks will continue in the position of Doral executive vice president.
“Samuel is an excellent fit with Doral and will provide the resources necessary to allow Doral and its employees to grow,” says Smith.