Metal Supermarkets Corporation® (MSC) is pleased to announce that effective October 2, 2007, MSC has acquired 100% of the outstanding units of Metal Mart LLC, dba Metal Express® from A. M. Castle & Co. (Castle).
"Metal Express' business model closely mirrored that of Metal Supermarkets and was a natural, logical and synergistic fit to our own business" said Stephen Schober, MSC's President & Chief Executive Officer. "There were few markets where there were any overlaps with our existing locations, thereby enabling us to considerably expand our geographic coverage in markets we had targeted for our own growth."
Known worldwide as The Convenience Stores of the Metal Industry(TM), Metal Supermarkets is
a specialized metal distributor focusing on small quantities of virtually all types and forms of metals, custom cut to size, and delivered fast. While the majority of revenues come from corporate operations, the company is also the only small quantity metal dealer franchise in the world and is the world's largest supplier of small quantity metals.
Prior to acquiring Metal Express, MSC operated 23 corporate locations in Canada, the United States, England and Scotland. A total of 60 franchised locations are located in the United States, Canada, England, Austria and the United Arab Emirates.
Metal Supermarkets was founded in Canada in 1985. Its' headquarters is in Toronto, Ontario, Canada. Prior to its acquisition by MSC, Metal Express operated as an independent division of Castle, with 15 locations throughout the US. Known as the nation's leading Cut-to-Order Metal Specialist, Metal Express has achieved a stellar reputation in metal distribution providing an extensive selection of top quality metals and prompt service.
"We are very thrilled and pleased to welcome the Metal Express team into the newly expanded Metal Supermarkets family", says Mr. Schober. "MSC is totally committed to Customer Satisfaction and we will now be able to serve our customers even better with expanded offerings and improved geographic coverage".
Any questions, contact:
President and Chief Executive Officer
905 362 8230