On the Record · Olympic Steel
Olympic Steel acquisitions, on the record
The businesses Olympic Steel bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Metal-Fab, Inc.Word for word“With the recent acquisition of Metal-Fab, Inc., or Metal-Fab, on January 3, 2023, our carbon flat products segment will further expand our product offerings to include the manufacture of venting, micro air and clean air products for residential, commercial and industrial applications.” 10-K for 2022 | agreed acquisition | January 3, 2023 | — |
Shaw Stainless & Alloy, Inc.Word for word“On October 1, 2021, the Company acquired substantially all of the net assets of Shaw, based in Powder Springs, Georgia, for $ 12.1 million.” 10-K for 2022 | acquisition | October 1, 2021 | $ 12.1 million |
Action Stainless & Alloys, Inc.Word for word“On December 14, 2020, the Company acquired substantially all of the net assets of Action Stainless, based outside of Dallas, Texas, for $ 19.5 million.” 10-K for 2022 | acquisition | December 14, 2020 | $ 19.5 million |
Detroit, Michigan operation (sold to Venture Steel (U.S.), Inc.)Word for word“On September 17, 2021, we sold substantially all of the assets related to our Detroit, Michigan operation to Venture Steel (U.S.), Inc.” 10-K for 2022 | divestiture | September 17, 2021 | — |
Milan, Iowa facilityWord for word“Operating expenses decreased as a result of the $2.1 million gain on sale of the Milan, Iowa facility in the first quarter of 2022; partially offset by increased inflationary impacts on labor, transportation, variable performance-based incentive compensation and other product support costs.” 10-K for 2022 | divestiture | first quarter of 2022 | — |
Central Tube and Bar (CTB)Word for word“On October 2, 2023 , the Company acquired all membership interest of CTB for a cash purchase price of $ 40.3 million.” 10-K for 2023 | acquisition | October 2, 2023 | — |
Metal-Fab, Inc. (Metal-Fab)Word for word“On January, 3 2023 , the Company acquired all the outstanding shares of capital stock of Metal-Fab for a cash purchase price of $ 131.2 million.” 10-K for 2023 | acquisition | — | — |
Shaw Stainless & Alloy, Inc. (Shaw)Word for word“On October 1, 2021 the Company acquired substantially all of the net assets of Shaw Stainless & Alloy, Inc. (Shaw), based in Powder Springs, Georgia, for $ 12.1 million.” 10-K for 2023 | acquisition | October 1, 2021 | — |
Detroit, Michigan operationWord for word“On September 17, 2021, we sold substantially all of the assets related to our Detroit, Michigan operation to Venture Steel (U.S.), Inc.” 10-K for 2023 | divestiture | September 17, 2021 | — |
Milan, IL facilityWord for word“Investment activities in 2022 included $19.9 million of capital expenditures, primarily attributable to processing equipment at our existing facilities, partially offset by the $3.3 million gain on the sale of the Milan, IL facility.” 10-K for 2023 | divestiture | — | $3.3 million gain |
Metal Works, LLCWord for word“On November 11, 2024 , the Company acquired substantially all of the net assets of Metal Works for a cash purchase price of $ 80.0 million.” 10-K for 2024 | acquisition | November 11, 2024 | $ 80.0 million |
Central Tube and Bar, Inc.Word for word“On October 2, 2023 , the Company acquired all membership interest of CTB .” 10-K for 2024 | acquisition | October 2, 2023 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2018-12-31 | $21.9 million | — | $2.4 million |
| 2019-12-31 | $11.1 million | $0 | $3.4 million |
| 2020-12-31 | $19.5 million | $0 | $1.7 million |
| 2021-12-31 | $12.1 million | $9.5 million | $5.4 million |
| 2022-12-31 | $0 | $0 | $0 |
| 2023-12-31 | $169.8 million | $0 | $41.6 million |
| 2024-12-31 | $80 million | — | $31.7 million |
Deal filings since 2016
- 2026-02-13 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2025-10-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-04-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-01-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-01-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-09-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-09-22 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-06-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-12-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-12-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Olympic Steel’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-02-21. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.