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Olympic Steel Acquires Central Tube & Bar

PRIVATEOct 02, 2023

Acquiring Company

Olympic Steel

Acquired Company

Central Tube & Bar

ClevelandManufacturingMiningPrecious MetalsBuilding MaterialWholesale

Description

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.

Quick answer

Olympic Steel is acquiring Central Tube & Bar, announced October 2, 2023. Olympic Steel is based in Cleveland, Ohio, United States.

How much did Olympic Steel pay for Central Tube & Bar?
The deal value was not disclosed.
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..
Where are Olympic Steel and Central Tube & Bar based?
Olympic Steel is based in Cleveland, Ohio, United States.
Who are the decision-makers at Olympic Steel?
Fundz holds 1 contact at Olympic Steel. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Olympic Steel

Location

Cleveland, Ohio, United States

About

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. The Company’s CTI subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricator of value-added parts and components. Headquartered in Cleveland, Ohio, Olympic Steel operates from 44 facilities in North America, inclusive of the two new locations added as part of the Metal-Fab acquisition. For additional information, please visit the Company’s website at www.olysteel.com.

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Frequently asked

Who acquired Central Tube & Bar?

Central Tube & Bar was acquired by Olympic Steel, based in Cleveland. The deal was reported on October 2, 2023. Founded in 1954, Olympic Steel is a leading U.S. Olympic Steel is privately held and operates in Manufacturing.

When did Olympic Steel acquire Central Tube & Bar?

Olympic Steel's acquisition of Central Tube & Bar was reported on October 2, 2023. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Central Tube & Bar do?

Central Tube & Bar is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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