Acquiring Company
Ryerson
Acquired Company
Olympic Steel
Bedford HeightsNatural ResourcesEducationManufacturingMiningPrecious MetalsBuilding MaterialWholesaleDescription
Ryerson has successfully merged with Olympic Steel, achieving a 28% revenue growth. They are targeting $120 million in annual synergies by 2028 through enhanced productivity and network optimization. The merger has exceeded synergy expectations, contributing positively to Ryerson's performance. Despite potential risks, the merger positions Ryerson for significant growth.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Olympic Steel?
Olympic Steel was acquired by Ryerson. The deal was reported on August 25, 2026. Ryerson is a leading value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China. Ryerson is privately held and operates in Natural Resources.
When did Ryerson acquire Olympic Steel?
Ryerson's acquisition of Olympic Steel was reported on August 25, 2026. Ryerson has successfully merged with Olympic Steel, achieving a 28% revenue growth. They are targeting $120 million in annual synergies by 2028 through enhanced productivity and network optimization. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Olympic Steel do?
Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products. It is privately held, operating in Manufacturing, and is based in Bedford Heights.
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