M&A Deal Summary

Olympic Steel Acquires Chicago Tube & Iron

On May 18, 2011, Olympic Steel acquired metals/mining company Chicago Tube & Iron for 150M USD

Acquisition Highlights
  • This is Olympic Steel’s 1st transaction in the Metals/Mining sector.
  • This is Olympic Steel’s largest (disclosed) transaction.
  • This is Olympic Steel’s 1st transaction in the United States.
  • This is Olympic Steel’s 1st transaction in Illinois.

M&A Deal Summary
Date 2011-05-18
Target Chicago Tube & Iron
Sector Metals/Mining
Buyer(s) Olympic Steel
Deal Type Add-on Acquisition
Deal Value 150M USD

Target

Chicago Tube & Iron

Romeoville, Illinois, United States
website
CT&I is a steel service centers with ten subsidiaries throughout the Midwest. Inventory, fabrication and processing is facilitated in over 1.2 million square feet of efficient, state-of-the-art facilities.

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Buyer(S) 1

Buyer

Olympic Steel

Bedford Heights, Ohio, United States

website

Category Company
Founded 1954
Sector Metals/Mining
Employees1,626
Revenue 2.6B USD (2022)
DESCRIPTION

Olympic Steel is a U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products. The Company's CTI subsidiary is a distributor of steel tubing, bar, pipe, valves and fittings, and fabricates pressure parts for the electric utility industry. Olympic Steel was founded in 1954 and is based in Bedford Heights, Ohio.

DEAL STATS #
Overall 1 of 8
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 7
State (Illinois) 1 of 1
Country (United States) 1 of 8
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-02 Berlin Metals

Hammond, Indiana, United States

Berlin Metals LLC is a provider of service center processing and distributing prime tin mill products and stainless steel strip in slit coil form.

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