Ryerson Holding Corporation, a major value-added processor and distributor of industrial metals, and Olympic Steel, Inc., a major U.S. metals service center, have successfully merged recently.
The merger of these two companies enhances Ryerson’s presence as the second-major North American metals service center and represents a highly compatible strategic match as Olympic Steel brings its complementary footprint, capabilities, and product offerings into Ryerson’s intelligently interconnected network of value-added service centers.
The combined company expects to generate approximately USD 120M in annual synergies by early 2028 majorly via procurement, scale, efficiency gains, commercial portfolio enhancements, and footprint optimization.
Moving forward, the Company expects to report progress on synergy attainment on a quarterly basis.