Olympic Steel Acquires Central Tube & Bar
October 2, 2023
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.
- Buyers
- Olympic Steel Inc.
- Targets
- Central Tube & Bar
- Industry
- Manufacturing
- Location
- Arkansas, United States
- Transaction Type
- Buyout
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