Olympic Steel Snags Shaw Stainless & Alloy

Shaw, based in Powder Springs, Georgia, is a full-line distributor of stainless-steel sheet, pipe, tube, bar and angles.
Industrial Production December 2020

Cleveland-based Olympic Steel Inc. (Nasdaq: ZEUS), announced Friday that it has acquired the assets of Shaw Stainless & Alloy. Olympic Steel said the all-cash purchase was immediately accretive. Financial terms of the deal weren’t disclosed.

Shaw, based in Powder Springs, Georgia, is a full-line distributor of stainless steel sheet, pipe, tube, bar and angles. Shaw 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. It will continue to operate as Shaw Stainless & Alloy, an Olympic Steel company, led by its existing management team, including President Bryan Shaw.

The acquisition includes Shaw’s stainless-steel distribution and fabrication businesses as well as its architectural and barrier defense businesses. Shaw will be incorporated into Olympic Steel’s specialty metals segment, led by Andy Markowitz, the president of specialty metals. The Shaw team will report to Zachary J. Siegal, Olympic Steel’s vice president for strategic development.

“Continuing to acquire well-run, high-return businesses is a key element of our strategy,” said Olympic Steel CEO Richard T. Marabito. “We are excited to quickly redeploy a portion of the proceeds from our recently announced sale of Detroit assets and operations. We expect higher-returning results from Shaw will replace the former Detroit earnings stream at a fraction of the investment. Shaw’s dedication to safety, focus on exceptional customer service and strong company values align well with Olympic Steel’s culture. We welcome the Shaw team and their wealth of expertise to Olympic Steel.”

Last month, Olympic Steel announced the sale of substantially all of the company’s Detroit assets and operations to Venture Steel Inc. for $58.4 million

Related Posts

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.