Olympic Steel completed the acquisition of Metal-Fab for $131m.

Olympic Steel, a national metals service center, completed the acquisition of Metal-Fab, a company manufactures complete and comprehensive venting solutions for residential, commercial and industrial applications, for $131m. “We are thrilled to welcome the Metal-Fab team to Olympic Steel, as we continue to deliver on our strategy to diversify and grow in higher-return products and services that are expected to reduce earnings volatility and increase sales and profit returns. Metal-Fab’s consistent earnings model has proven recession-resistant and is a perfect strategic fit for Olympic Steel. Metal-Fab’s manufacturing expertise and catalog of products are an excellent complement to our growing portfolio of metal-intensive end-use products. We are excited to broaden our product offerings, manufacturing capabilities and geographic reach with this acquisition,” Richard T. Marabito, Olympic Steel CEO.