Service Centers
October 1, 2021
Olympic Steel Acquires Shaw Stainless & Alloy
Written by Tim Triplett
In its fifth acquisition in the past four years, Olympic Steel Inc. has acquired the assets of Shaw Stainless & Alloy, Inc. Terms of the all-cash purchase were not disclosed.
The deal 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, President – Specialty Metals. The Shaw team will report to Zachary Siegal, Olympic Steel’s Vice President – Strategic Development.
