ArcelorMittal Long Products Canada acquires Legault Métal
ArcelorMittal Long Products Canada has acquiring the assets of Legault Métal Inc., a metals recycling company with facilities in Quebec. These sites, which will now operate under the name Legault Métal, a division of ArcelorMittal, will continue to deliver its services to scrap dealers and individuals.
"We are pleased to welcome Legault Métal Inc., a long-standing supplier, to our organization and further reinforce our presence in the Quebec scrap recycling market," said François Perras, CEO, ArcelorMittal Long Products Canada. "As the largest recycler of scrap for local use in Quebec, we are further securing our supply of raw materials from this important region and strengthening our value chain. We are excited to extend our footprint to Abitibi and will work hard with the local team to earn the trust of our new host communities."
Gerry Legault outgoing owner of Legault Métal Inc., will support the ArcelorMittal Long Products Canada team to ensure a smooth transition of operations over the coming months. The approximately 100 people who are currently working for Legault Métal remain employed by the company as of the transaction date.
"I could not find a better partner than ArcelorMittal to maintain the activities of the largest recycling company in Abitibi and ensure an outlet is available for scrap from our clients," said Gerry Legault. "This transaction is the best outcome for our employees, our suppliers and the community. Allow me to thank everyone for their loyalty over time; I am confident that you will be able to forge such strong ties with ArcelorMittal."