DORAL STEEL, INC. HAS BEEN ACQUIRED BY SAMUEL, SON & CO., INC.
Birmingham, Michigan – December 7, 2011 – Angle Advisors is pleased to announce that Doral Steel, Inc. has been acquired by Samuel, Son & Co. Inc. Angle Advisors acted as the exclusive investment banking advisor to Doral in managing this transaction.
Based in Toledo, Ohio, Doral Steel, Inc. (“Doral” or the “Company”) is a leading processor and distributor of hot rolled, cold rolled and coated steel products with multiple service center locations throughout North America. Founded in 1975 by Cam Smith, Sr., Doral operates a 120,000 square-foot facility with four slitters in Toledo; a 58,000 square-foot facility with two slitters in Clinton, Tennessee and has an exclusive processing agreement for use of a slitter and cut-to-length line in Monterrey, Mexico. Doral supplies a diverse range of end markets including automotive, appliance, construction and OEM industrial equipment suppliers. Operating for over 36 years, Doral has developed a reputation for excellence in the market place through its commitment to outstanding service, premium quality and exceptional delivery. Mr. Smith was named 2007 Steel Man of the Year by the Association of Steel Distributors.
Samuel, Son & Co. Inc.’s (“Samuel”) acquisition of Doral will strengthen their carbon distribution footprint in the United States and provide the Company with additional resources to support its growth initiatives within the carbon steel service center market. Doral will operate as a division of Samuel. Cam Smith, Jr. will remain President of Doral and Mike Crooks will continue as Executive Vice President.
Samuel, Son & Co. Inc. is the U.S. subsidiary of Samuel, Son & Co., Ltd. (www.samuel.com). Samuel, based in Mississauga, Ontario, is the fifth largest processor and distributor of carbon steel, stainless steel and aluminum in North America. Samuel was founded in 1855 and currently is the largest family owned metals processor and distributor in North America. Samuel operates multiple business units associated with the distribution, transportation, processing and manufacturing of metals and industrial products and has over 100 strategically located steel service centers and manufacturing facilities in North America, with locations across both Canada and the United States, as well as locations in Mexico, the United Kingdom, Australia and China.
Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in a variety of industries including the metal processing and distribution sector. The firm’s 32 professionals provide mergers and acquisitions, capital raising and debt advisory services to multinational corporations, privately-held companies, private equity funds and public sector clients. For additional information please visit www.angleadvisors.com.