Steel Mills
September 16, 2017
Wolfort: Success Mandates Succession
Written by Sandy Williams
Long-term success requires strategic succession planning, said David Wolfort, president of Olympic Steel, who addressed members of the Association of Steel Distributors at their September regional meeting in Pittsburgh.
Olympic Steel was founded with $17,000 in 1954 by brothers Sol Siegal and Sam Sigel (yes, the spellings are correct) as a family enterprise focused on the warehousing and distribution of steel. The company at that time leased its building and equipment. During the years between 1954 and 1974, the company grew to $20 million. In 1974, Michael Siegal graduated and joined the company.
