AM Castle Snares Tube Supply For $165 Million

Law360, New York (November 10, 2011, 4:46 PM EST) -- Metals and plastics distributor A.M. Castle & Co. will pay $165 million to acquire Tube Supply Inc., a supplier of steel and alloy products for the energy industry, nearly tripling its share in the oil and gas market, the company announced Thursday.

A.M. Castle, a global distributor of specialty metal and plastic products based in Oak Brook, Illinois, said it would close the deal with the Houston-based distributor of specialty tube and bar products for the oil and gas industry by the end of the first...
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