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Acquisitions with a conscienc
Discover how Olympic Steel’ s commitment to community and safety shape its operations
Founded in 1954 by Sol Siegal and Sam Sigel, Olympic Steel( Olympic) originally focused on the warehousing and distribution of steel from a single facility with no major processing equipment. Today, the company offers a much wider range of products and is dedicated to growth, geographic and customer diversity, and the value-added processing of flatrolled metals, pipe and tube. Zachary Siegal, President of Olympic’ s manufactured metal products, discusses the company’ s operations.
“ As a metals distributor and manufacturer based in Cleveland, Ohio, we purchase material from metal producers, take it to our warehouse, transform its shape, and send it along to our customers. Our client base ranges from fabricators to industrial OEMs like Caterpillar Inc. and John Deere. Today, we are a publicly traded company with revenues of approximately $ 2 billion, 54 sales and warehouse locations in North America, and 2,100 employees. We handle everything from metal processing and distribution to full fabrication of cut, formed, welded, and painted sub-assemblies for OEMs. Over the last six-to-seven years, we have been acquiring businesses that manufacture their own products from metal, allowing us to process and distribute carbon steel,
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