Olympic Steel Acquires Action Stainless & Alloys

Olympic Steel Acquires Shaw Stainless & Alloy

October 1, 2021

Manufacturing

Olympic Steel Inc. has acquired the assets of Shaw Stainless & Alloy in an all-cash, immediately accretive transaction; terms were not disclosed. The acquisition brings Shaw's stainless steel distribution, fabrication, architectural and barrier defense businesses into Olympic Steel's specialty metals segment while retaining Shaw's management and operations in Georgia.

Olympic Steel Acquires Metal Works

November 11, 2024

Manufacturing

Olympic Steel, Inc. (Nasdaq: ZEUS) has acquired Metal Works, a manufacturer of metal canopy components, roll-formed products and solar racking, in an all-cash transaction. Metal Works will continue to operate from its two Oakwood, Georgia facilities and will be reported within Olympic Steel's Carbon Flat Rolled business segment as the acquisition expands Olympic Steel's manufactured metal product capabilities and footprint.

Olympic Steel Acquires Metal-Fab, Inc.

January 3, 2023

Manufacturing

Olympic Steel Inc. (Nasdaq: ZEUS) has acquired all outstanding shares of Metal-Fab, Inc., a Wichita-based manufacturer of venting and filtration products. The deal expands Olympic Steel's manufacturing capabilities and product offerings in coated carbon and stainless steel and is expected to be immediately accretive.

Reliance Steel & Aluminum Co. Acquires American Alloy Steel, Inc.

February 14, 2024

Industrial Services

Reliance Steel & Aluminum Co. has entered into a definitive agreement to acquire all outstanding equity interests and related real estate assets of American Alloy Steel, Inc., a Houston-based distributor and fabricator of specialty carbon and alloy steel plate and round bar. The acquisition adds specialty plate and new fabrication/value-added processing capabilities to Reliance's portfolio; American Alloy reported approximately $310 million in sales for the 12 months ended Dec. 31, 2023.

Ryerson Holding Corporation Completes Merger with Olympic Steel, Inc.

February 16, 2026

Industrial Services

Ryerson Holding Corporation and Olympic Steel, Inc. have completed a merger in which Ryerson issued 1.7105 shares of its common stock for each share of Olympic Steel, leaving former Olympic Steel shareholders with approximately 37% of the combined company. The transaction creates the second-largest North American metals service center, with expected annual synergies of about $120 million by early 2028 from procurement, scale, operational efficiencies, commercial enhancements, and footprint optimization.

Olympic Steel Acquires Central Tube & Bar

October 2, 2023

Manufacturing

Olympic Steel Inc. (Nasdaq: ZEUS) has acquired Central Tube & Bar (CTB) in an all-cash, immediately accretive purchase; terms were not disclosed. CTB, founded in 1996 with facilities in Conway, Arkansas and Tulsa, Oklahoma and trailing 12-month revenue of approximately $40 million, expands Olympic Steel's tubular and pipe products segment and value-added contract manufacturing capabilities in the Mid-South.