FORT LAUDERDALE, Fla., June 29 /PRNewswire-FirstCall/ -- Metals USA Holdings Corp. (NYSE: MUSA) announced today the acquisition of J. Rubin & Co. ("J. Rubin"). A well-established metal service center with locations in Illinois, Wisconsin and Minnesota, J. Rubin's broad product range consists of carbon steel bars, carbon plate and laser-cut flat-rolled products. J. Rubin's product mix and value-added services are provided to a diverse range of end-markets.
Lourenco Goncalves, Chairman, President and C.E.O. of Metals USA, stated: "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." Mr. Goncalves added: "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."
ABOUT METALS USA
Metals USA is one of the largest metal service center businesses in North America and a leading provider of value-added metal processing and inventory management services. Our 34 service center facilities are strategically located in close proximity to their suppliers and customers in key geographic end-markets. Metals USA's portfolio of metal products and value-added services are sold to diverse customer base across a range of end use markets. We believe our local, hands-on service, supported by the strength of our service center network, enables us to dependably meet the unique demands of our diverse group of customers. The principal markets for our products include metal fabrication, industrial machinery and equipment, electrical and appliance manufacturing, land and marine transportation, construction, energy, aerospace and defense. For more information, visit the Company's website at www.metalsusa.com.
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements within the meaning of the federal securities law which involve known and unknown risks, uncertainties or other factors not under the Company's control which may cause the actual results, performance or achievement of the Company to be materially different from the results, performance or other expectations implied by these forward-looking statements. Such statements include, but are not limited to, statements concerning the performance of the acquired business, future acquisitions and our growth strategy. Factors that could cause the Company's results to differ materially from actual results or current expectations include, but are not limited to, difficulties in integrating the acquired business, the availability of other suitable acquisition candidates, changes in metal prices, the effect of economic conditions generally in the United States and international economies and within major product markets, including a prolonged or substantial economic downturn; the effect of consolidation or other actions of our suppliers; disruptions in our sources of supply; increased competition and the other factors detailed in the Company's Registration Statement on Form S-1 relating to its IPO under the caption "Risk Factors" and other reports filed with the Securities and Exchange Commission. In addition, these statements are based on a number of assumptions that are subject to change. This press release speaks only as of this date and the Company disclaims any duty to update the information herein.
SOURCE Metals USA Holdings Corp.