M&A Deal Summary

Russel Metals Acquires Siemens Laserworks

On May 1, 2012, Russel Metals acquired metals/mining company Siemens Laserworks from Ausable Capital Partners

Acquisition Highlights
  • This is Russel Metals’ 1st transaction in the Metals/Mining sector.
  • This is Russel Metals’ 1st transaction in Canada.
  • This is Russel Metals’ 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2012-05-01
Target Siemens Laserworks
Sector Metals/Mining
Buyer(s) Russel Metals
Sellers(s) Ausable Capital Partners
Deal Type Add-on Acquisition

Target

Siemens Laserworks

Saskatoon, Saskatchewan, Canada
Siemens Laserworks, Inc. (the “Company”), based in Saskatoon, Saskatchewan, is a specialist fabricator in laser cutting, braking, punching, machining, welding, alodine surface finishing and EMI gasket deposition services. The Company’s primary production focus centered on lean manufacturing concepts: the use of direct-flow manufacturing, Just-In-Time (JIT) production, Vendor-Managed inventory (VMI), Kanban replenishment and sequenced kit production. The Company is the low-cost provider of JIT, specialty steel fabrication services in Western Canada. The operational restructuring plan included a growth strategy to fill increasing demand, a new sales and marketing strategy. The implementation of the plan increased cash flow two-fold in the first year.

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Buyer(S) 1

Buyer

Russel Metals

Mississauga, Ontario, Canada
Category Company
Founded 1929
Sector Distribution
Employees3,500
Revenue 4.5B CAD (2023)
DESCRIPTION

Russel Metals operates as a metals distribution company in North America. Russel Metals was founded in 1929 and is based in Mississauga, Ontario.

DEAL STATS #
Overall 2 of 14
Sector (Metals/Mining) 1 of 6
Type (Add-on Acquisition) 2 of 13
State (Saskatchewan) 1 of 2
Country (Canada) 1 of 7
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-28 JMS Russel Metals

Jonesboro, Arizona, United States

JMS Russel Metals Corp. is a distributor of alloy, carbon steel, stainless steel, aluminum, and other specialty steel products for more than 3,500 customers in a broad range of industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-24 Alberta Industrial Metals

Red Deer, Alberta, Canada

Alberta Industrial Metals Ltd. is a metals distribution and processing service center located in Red Deer, Alberta.

Buy -

Seller(S) 1

SELLER

Ausable Capital Partners

Santa Monica, California, United States
Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Ausable Capital Corp. is a distress-oriented investment firm. AuSable targets companies with $20 million to $1 billion of revenue undergoing varying degrees of operational, financial or market-driven change. Sectors of interest include building materials, energy services, industrial controls, manufacturing, packaging, food, distribution, and aerospace. Prospective transaction situations can include corporate carve-outs, operational and financial restructurings, recapitalizations, MBOs, §363 bankruptcy processes, and consolidation and buy and build strategies. AuSable Capital was established in 2010 and is based in Santa Monica, California.

DEAL STATS #
Overall 2 of 3
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-12 ArborCraft

Johnson City, Tennessee, United States

ArborCraft LLC is a provider of a broad line of hardwood flooring including prefinished engineered plank, prefinished solid flooring and unfinished parquet along with related moldings and accessories.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Negri Bossi

Cologno Monzese, Italy

Negri Bossi manufactures and distributes plastic injection molding machinery. Negri Bossi owns manufacturing facilities in Italy and in India. Negri Bossi produces a variety of products to address all of these needs that include large hydraulic machines all the way to all electric machines. Injection molding machinery is used for making such items as automotive and appliance parts, packaging for food, consumer goods and medical needs, plastic parts for various industries such as electronics and consumer products. Negri Bossi was founded in 1947 and is based in Cologno Monzese, Italy.

Sell -
Mergr

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