Acquisition Expands Olympic Steel’s Specialty Metals Business
12/14/2020 - Olympic Steel Inc. has acquired the assets of Texas-based stainless steel and aluminum products distributor Action Stainless & Alloys for an undisclosed amount.
“Action Stainless & Alloys will expand the geographic footprint of our specialty metals business and provide additional product and processing offerings to support existing customers and continue extending our market reach,” said Olympic Steel president and chief operating officer Andrew Greiff.
“The business is a natural fit, and we expect to realize a number of commercial synergies as a result of the acquisition.”
Action Stainless operates five facilities in Dallas and Houston, Texas; Springdale, Ark.; Rock Hill, S.C.; and Kansas City, Mo. It will continue to operate under the Action Stainless brand as an Olympic Steel company.