Shaw Stainless & Alloy Inc., a Powder Springs, Ga., USA-based company, will be incorporated into Olympic Steel’s specialty metals segment, according to a company press release.

“Shaw expands our specialty metals footprint and our product and processing offerings to our customers,” said Andrew Greiff, president and chief operating officer at Olympic Steel. “The acquisition also continues our strategic growth into metal-intensive end-use products, building on the success we have experienced with both our Wright^® self-dumping hoppers and EZ-Dumper^® truck inserts. As with our previous acquisitions, we expect to realize commercial synergies that will advance our efforts to produce consistently stronger earnings and shareholder returns.”

The terms of the all-cash purchase were not disclosed, according to the press release.