M&A Deal Summary

Olympic Steel Acquires Central Tube & Bar

On October 2, 2023, Olympic Steel acquired manufacturer Central Tube & Bar

Acquisition Highlights
  • This is Olympic Steel’s 4th transaction in the Manufacturing sector.
  • This is Olympic Steel’s 8th transaction in the United States.
  • This is Olympic Steel’s 1st transaction in Arizona.

M&A Deal Summary

Date 2023-10-02
Target Central Tube & Bar
Sector Manufacturing
Buyer(s) Olympic Steel
Deal Type Add-on Acquisition

Target

Central Tube & Bar

Conway, Arizona, United States
Central Tube & Bar is an original equipment manufacturers (OEMs) and fabricators across the Mid-South from three facilities in Conway, Arkansas, and Tulsa, Oklahoma, totaling 162,000 square feet of warehouse and production space. Central Tube & Bar was founded in 1996 and is based in Conway, Arizona.

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Buyer(S) 1

Buyer

Olympic Steel

Bedford Heights, Ohio, United States

Category Company
Founded 1954
Sector Metals/Mining
Employees1,626
Revenue 2.2B USD (2023)
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 8 of 9
Sector (Manufacturing) 4 of 5
Type (Add-on Acquisition) 7 of 8
State (Arizona) 1 of 1
Country (United States) 8 of 9
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-03 Metal-Fab

Wichita, Kansas, United States

Metal-Fab is a manufacturer of complete and comprehensive venting solutions for residential, commercial, and industrial applications. Metal-Fab was founded in 1958 and is based in Wichita, Kansas.

Buy $131M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-11 Metal Works

Oakwood, Georgia, United States

Metal Works is a manufacturer of components for service station canopies, deck clips, long gutters, trim, and boat docks, as well as solar canopy and ground racking components - all made primarily from coated carbon steel and aluminum. Metal Works is based in Oakwood, Georgia.

Buy -