Addition of leading metal canopy manufacturer supports strategy for continued growth in manufactured metal products
Company completes eighth acquisition in the past seven years
Metal Works is a leading manufacturer of components for service station canopies, deck clips, long gutters, trim, and boat docks, as well as solar canopy and ground racking components – all made primarily from coated carbon steel and aluminum. The business, which includes roll forming and folding machines among its equipment, operates from two facilities in
“Continued growth in manufactured metal products is a key component of our strategy, and we are excited to welcome Metal Works to our enterprise,” said
“Metal Works’ state-of-the-art processing equipment and manufacturing expertise will be an excellent addition to Olympic Steel’s growing portfolio of products, processing capabilities, and respected brands,” said
The business, which opened in 2003, will continue to operate as Metal Works, led by President
Learn more about Metal Works at www.metal-works.net.
Forward-Looking Statements
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words or phrases such as "may," "will," "anticipate," "should," "intend," "expect," "believe," "estimate," "project," "plan," "potential," and "continue," as well as the negative of these terms or similar expressions. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those implied by such statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Such risks and uncertainties include but are not limited to: our ability to successfully integrate Metal Works into our business and risks inherent with the Metal Works acquisition in the achievement of expected results, including whether the acquisition will be accretive and within the expected timeframe. We undertake no obligation to publicly release any revisions to any forward-looking statements or to otherwise update any forward-looking statements whether as a result of new information or to reflect events, circumstances or any other unanticipated developments arising after the date on which such statements are made. A further list and description of risks, uncertainties and other factors can be found in our Annual Report on Form 10-K for the year ended
About
Founded in 1954,
For additional information, please visit the Company’s website at www.olysteel.com.
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Chief Financial Officer
216.672.0522
ir@olysteel.com
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