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
Employees2,163
Revenue 1.9B USD (2024)
DESCRIPTION

Olympic Steel is a 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. Olympic Steel was founded in 1954 and is based in Bedford Heights, Ohio.


DEAL STATS #
Overall 8 of 9
Sector: Manufacturing M&A 4 of 5
Type: Add-on Acquisition M&A Deals 7 of 8
State: Arizona M&A 1 of 1
Country: United States M&A 8 of 9
Year: 2023 M&A 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 -