ZEUS - Mergers and acquisitions

Addition of leading metal canopy manufacturer supports strategy for continued growth in manufactured metal products Company completes eighth acquisition in the past seven years Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced the acquisition of Metal Works. The all-cash purchase is expected to be immediately accretive. Terms were not disclosed. Metal Works is a leading manufacturer of components for service station canopies, deck clips, long gutters, trim, and boat docks, as well as solar canopy and ground racking components – all made primarily from coated carbon steel and aluminum. The business, which includes roll forming and folding mach

Company completes seventh acquisition in the past six years. Transaction marks the Company's latest pipe and tube segment expansion, continuing its growth into products and services with higher-margin returns. Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced that it has acquired Central Tube & Bar (CTB). The all-cash purchase is expected to be immediately accretive. Terms were not disclosed. CTB was founded in 1996 and serves large original equipment manufacturers (OEMs) and fabricators across the Mid-South from three facilities in Conway, Arkansas, and Tulsa, Oklahoma, totaling 162,000 square feet of warehouse and production space. The busines

Transaction is second-largest acquisition in Company's history and sixth acquisition in past five years Company increases size of asset-based revolver from $475 million to $625 million Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced that it has acquired all outstanding shares of Metal-Fab, Inc. ("Metal-Fab"). The purchase is expected to be immediately accretive. Metal-Fab was founded in 1958 and operates from two warehousing and fabrication facilities in Wichita, Kansas. The business manufactures venting and filtration products for residential, commercial and industrial applications – products constructed largely of coated carbon and stainless

Transaction marks Company's fifth acquisition in past four years Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced that it has acquired the assets of Shaw Stainless & Alloy, Inc. ("Shaw"). The all-cash purchase is immediately accretive. Terms were not disclosed. The acquisition includes Shaw's stainless steel distribution and fabrication businesses as well as its architectural and barrier defense businesses. Shaw will be incorporated into Olympic Steel's specialty metals segment, led by Andy Markowitz, President – Specialty Metals. The Shaw team will report to Zachary J. Siegal, Olympic Steel's Vice President – Strategic Development. "Continuing

CLEVELAND--(BUSINESS WIRE)--Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that it has acquired the assets of Action Stainless & Alloys, Inc., the Company’s fourth acquisition in the past three years. The all-cash purchase is immediately accretive. Terms were not disclosed. Action Stainless & Alloys, based outside of Dallas, Texas, is a full-line distributor of stainless steel and aluminum plate, sheet, angles, rounds, flat bar, tubing and pipe and offers a range of processing, including plasma, laser and waterjet cutting and CNC machining. In 2019, the Company generated more than $40 million in sales. The business will be incorporat