OAK BROOK, ILL. (Nov. 10, 2 p.m. ET) — A.M. Castle & Co., a distributor of specialty metal and plastic products, has signed a deal to buy Tube Supply Inc. for $165 million.
Oak Brook-based Castle said the deal will expand its presence in the oil and gas industry. Houston-based Tube Supply makes steel and alloy products.
Castle's plastics holdings include Kalamazoo, Mich.-based Total Plastics Inc., a distributor of plastic sheet, rod, tube, film and tape.