Olympic Steel Acquires Action Stainless & Alloys

Olympic Steel has acquired the assets of Action Stainless & Alloys, Inc., adding the Dallas, Texas-based distributor to its Specialty Metals business segment.

Action Stainless & Alloys is a full-line distributor of stainless steel and aluminum plate, sheet, angles, rounds, flat bar, tubing and pipe and offers a range of processing, including plasma, laser and waterjet cutting and CNC machining. The company operates approximately 145,000 square feet of warehouse space across five facilities in Dallas and Houston, Texas; Springdale, Ark.; Rock Hill, S.C.; and Kansas City, Mo. The business generated more than $40 million in sales during 2019.

“The history of strong business performance from Action Stainless delivers on our growth strategy and furthers our efforts to reduce cyclicality and consistently earn stronger returns,” said Richard T. Marabito, Olympic CEO. “Continued growth of our specialty metals business is an important element of our strategy. In addition, the culture and focus on safety at Action Stainless are well-aligned with Olympic Steel, which will make for a seamless and successful integration.”

Acton Stainless & Alloys will continued to operate under its established brand, led by Lee Martinson, President of Action Stainless & Alloys, and the existing management team.