Olympic Steel Acquires Shaw Stainless & Alloy
Strategic Research Institute
Published on :
04 Oct, 2021, 5:57 am
Leading US metals service center Olympic Steel Inc has acquired the assets of Shaw Stainless & Alloy Inc. The all-cash purchase is immediately accretive. Terms were not disclosed. The acquisition includes Shaw’s stainless steel distribution and fabrication businesses as well as its architectural and barrier defense businesses. It will continue to operate as Shaw Stainless & Alloy, an Olympic Steel company, led by its existing management team, including President Bryan Shaw. Shaw will be incorporated into Olympic Steel's specialty metals segment, led by Specialty Metals President Mr Andy Markowitz. The Shaw team will report to Olympic Steel’s Vice President Strategic Development Mr Zachary J Siegal.
Shaw, based in Powder Springs in Georgia is a full-line distributor of stainless steel sheet, pipe, tube, bar and angles. The company also manufactures and distributes stainless steel bollards and water treatment systems. Founded in 1979, Shaw operates approximately 120,000 square feet of warehouse and fabrication space in Marietta, Hiram, Powder Springs and Albany, Georgia.
Shaw offers numerous value-added fabrication processes, including: custom machining; electro polishing and passivation; laser, gas, plasma, water jet, miter, saw and mechanical torch cutting; steel bevelling; precision welding; metal forming; pipe threading; cut and roll grooving; painting; galvanizing; stainless steel polishing; flange attachment; coating, wrapping and lining; pickling, oiling and degreasing; and a range of product finishing and quality assurance testing.