Olympic Steel, Inc. has acquired Shaw Stainless & Alloy
Copper Run advised Olympic Steel – a leading U.S. metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products. The Company’s CTI subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricator of value-added parts and components. Headquartered in Cleveland, Ohio, Olympic Steel operates from 41 facilities in North America, inclusive of the seven new locations added as part of the Shaw Stainless & Alloy acquisition.
Shaw Stainless & Alloy (“Shaw”), based in Powder Springs, 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 expands Olympic Steels specialty metals footprint and their product and processing offerings to customers.
“We are very excited that Shaw Stainless & Alloy is now a part of Olympic Steel. This addition will allow Olympic to expand its stainless steel processing & distribution footprint in the Southeast. Bryan Shaw and his team bring an abundance of experience, relationships, and a culture that aligns well with Olympic’s core values. The team at Copper Run has been a tremendous resource for Olympic as we continue to acquire metal product manufacturing businesses as part of our long-term growth strategy.“
– Zach Siegal, VP Strategic Development
Olympic Steel, Inc.