Samuel looks to further grow US stance

Nov 21, 2011 | 01:52 PM | Corinna Petry

Tags  Samuel, Son & Co., Wayne Bassett, Doral Steel, Corinna Petry

CHICAGO — Samuel, Son & Co. Ltd. is progressing toward its goal of expanding its U.S. footprint—especially in the Midwest and Southeast markets—with a new location in Florida and with its upcoming acquisition of Toledo, Ohio-based Doral Steel Co.

"Doral is a 36-year-old company, extremely well run, with an excellent book of business," Wayne Bassett, president and chief executive officer of the Ontario-based service center giant, told AMM.

Doral, which specializes in processing flat-rolled steel, remained profitable even during the recession, he added. Bassett declined to disclose Doral’s annual sales or the purchase price.....

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