Olympic Steel acquires Action Stainless & Alloys
2020-12-15 15:23:26 [Print]
Olympic Steel Inc., a leading national metals service center, announced that it has acquired the assets of Action Stainless & Alloys, Inc., the company's fourth acquisition in the past three years. The all-cash purchase is immediately accretive. Terms were not disclosed.
Action Stainless & Alloys, based outside of Dallas, Texas, is a full-line distributor of stainless steel and aluminum plate, sheet, angles, rounds, flat bar, tubing and pipe and offers a range of processing, including plasma, laser and waterjet cutting and CNC machining. In 2019, the company generated more than $40 million in sales.
The business will be incorporated into Olympic Steel's specialty metals business segment.
Action Stainless & Alloys, based outside of Dallas, Texas, is a full-line distributor of stainless steel and aluminum plate, sheet, angles, rounds, flat bar, tubing and pipe and offers a range of processing, including plasma, laser and waterjet cutting and CNC machining. In 2019, the company generated more than $40 million in sales.
The business will be incorporated into Olympic Steel's specialty metals business segment.
