Metals Suppliers Ryerson, Olympic Metal to Merge 

Metals processors, distributors and repair facilities Ryerson and Olympic Metal have agreed to merge by way of an all-stock transaction.

A purchase order value or deal valuation wasn’t disclosed, however the corporations famous that the mixture is anticipated to generate roughly $120 million in annual synergies by the tip of yr two by way of procurement scale, effectivity good points, business enhancement and community optimization. The 2 corporations have a mixed annual income of $6.5 billion, with $4.6 billion of that from Ryerson.

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Ryerson’s footprint spans over 110 amenities throughout North America and 4,200 staff, whereas Olympic has 54 places and a couple of,100 staff.

Below the phrases of the merger settlement, Olympic Metal shareholders will obtain 1.7105 Ryerson shares of frequent inventory for each Olympic Metal share of frequent inventory owned and can personal roughly 37% of the mixed firm. The transaction is anticipated to shut within the first quarter of 2026, topic to closing circumstances and regulatory and shareholder approvals.

As a part of the transaction, Michael Siegal, Olympic’s Chairman, shall be appointed chairman of the mixed firm, and Olympic Metal will even appoint three different administrators to the mixed 11-member Board. Eddie Lehner, President and CEO of Ryerson, will function CEO of the mixed firm, whereas Richard Marabito, CEO of Olympic Metal, will function President and Chief Working Officer.

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“This merger represents an immensely engaging and distinctive alternative for Ryerson and Olympic Metal because it combines our two organizations, which couldn’t be extra complementary and synergistic across the merchandise, providers, footprint and buyer expertise that may improve our market presence whereas including important worth to our stakeholders,” Lehner mentioned in an Oct. 28 information launch. “The mix of our organizations will additional scale the digital investments that Ryerson has made to carry Olympic Metal’s capabilities and formidable experience into a bigger community and supply our clients with better community density, sooner lead instances and a wider array of customized options from pick-pack-and-ship to completed components.”

“This can be a important milestone for the enterprise my father and uncle began greater than 70 years in the past,” Siegal added. “We went from non-public to public in 1994, and now we enthusiastically take this subsequent step to speed up Olympic Metal’s continued progress. Ryerson is a well-respected firm with greater than 180 years of historical past and a values-based tradition very similar to our personal. We absolutely endorse this subsequent chapter for Olympic Metal and our stakeholders.”

Each corporations additionally reported their 2025 third quarter monetary outcomes on Oct. 28. Ryerson’s confirmed that gross sales of $1.16 billion rose 3.1% year-over-year, powered by an equivalent rise in common promoting value per ton. Gross margin of 17.2% fell 70 foundation factors year-over-year; adjusted EBITDA margin (excluding LIFO) of three.5% declined 160 bps; and the corporate had a internet lack of $14.8 million. At Olympic, 3Q gross sales of $491 million elevated 4.5% year-over-year; gross margin of 13.4% improved 130 bps; working revenue of $7.26 billion fell 7.0%; and internet revenue of $2.15 billion fell 21.2%.