TORONTO, July 4, 2011 /PRNewswire/ – Wayne Bassett, president and CEO of
Samuel, Son & Co., Limited, today announces the acquisition of Basic
Stainless Inc. a service center operating from an 80,000 square foot
facility in Marshfield, Wisconsin with branches in Green Bay, Wisconsin
and Minneapolis, Minnesota. Basic Stainless will continue Samuel’s
expansion into the US market.

Basic Stainless will operate as Basic Stainless, a division of Samuel,
Son & Co. Inc. with Jim Young, the former owner, as general manager
reporting to Al Bromley, president of Samuel, Son & Co. Inc. The
addition of Basic Stainless will bring to seven the number of Samuel
locations in the Midwest region. Basic Stainless will immediately
expand its current inventory of stainless sheet, plate, bar, pipe and
tube and add aluminum products in grade of 3003, 5052 and 5086. In the
near future, we will be adding carbon flat rolled products such as
coated and pre-paint.

Samuel brings a significant supply chain and product expertise to Basic
Stainless which when combined with their existing customer base and
sales experience will serve to increase and strengthen our presence in
the Midwest.

We welcome Jim Young and the knowledgeable and dedicated staff of Basic
Stainless to the Samuel family.

Samuel is a family owned business founded in 1855 and is the 5th largest
metal processor and distributor in North America. Samuel has over
4,100 employees operating from 48 service centers and 47 manufacturing
plants in North America as well as facilities in the UK, Australia and
China. Samuel service centers carry a full range of carbon flat
rolled, carbon plate, stainless steel and aluminum products. In
addition, the manufacturing group offers many value-added products
including engineered stainless and carbon tubing, roll forming,
strapping and pressure vessel tanks.

SOURCE Samuel Son & Co., Limited