“Olympic Steel’s tubular and pipe products segment has historically been our highest EBITDA-to-sales margin segment, and CTB’s historical financial performance has consistently exceeded our tubular and pipe products returns. CTB is a well-run, growing organization, and a great cultural fit for Olympic Steel,” said Olympic Steel chief executive officer Richard T. Marabito.

Central Tube & Bar services the transportation, agricultural, commercial furniture and data center construction industries with fabricated tube and bar products, including rounds, squares, rectangles and special shaped tubes. The business will continue to operate as Central Tube & Bar, an Olympic Steel Company, led by president Dustin Ward and his management team.

Central Tube & Bar was founded in 1996 and serves large original equipment manufacturers and fabricators across the Mid-South from three facilities in Conway, Ark., USA, and Tulsa, Okla., USA.