Samuel, Son & Co., a steel distributor in Ontario, Canada, will buy Portland-based ESCO Corp.’s stainless-steel distribution business, The Engineered Metals Group. ESCO Corp., a global manufacturer, wants to focus on its core business of making industrial metal parts.
EMG is an independent distributor of commodity, processed and engineered stainless steel products in the Western U.S.
The operation will be renamed Samuel, Son & Co. Engineered Metals Group. Samuel, Son & Co. will offer jobs to all the division’s 107 employees in Portland, OR, Denver, CO, Los Angeles,CA, and Hayward, CA.
The purchase is expected to provide Samuel, Son & Co. a strong basis for further geographic and product-line expansion in the Western U.S. and to better serve national accounts.