Ryerson Holding Corporation Completes Merger with Olympic Steel, Inc.
February 16, 2026
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.
- Buyers
- Ryerson Holding Corporation
- Targets
- Olympic Steel, Inc.
- Sellers
- Olympic Steel shareholders
- Industry
- Industrial Services
- Location
- Ohio, United States
- Transaction Type
- Buyout
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