Ryerson to Acquire Olympic Steel in a $791.73 Million All-Stock Deal

Ryerson Holding Corporation (RYI) entered a merger agreement on October 28, 2025, to acquire Olympic Steel, Inc. (ZEUS) in an all-stock deal valued at $791.73 million.

Deal Structure:

Olympic Steel shareholders will receive 1.7105 Ryerson shares of common stock for every Olympic Steel share owned, which implies a value of $40.33 per Olympic share. This is at a 35.12% premium from the stock’s last closing.

Company Profile:

Olympic Steel is a U.S. metals service center that processes, distributes, and provides value-added services for carbon, stainless, and aluminum flat-rolled, plate, and tubular products across a wide range of industrial and manufacturing sectors.

Ryerson is a value-added processor and distributor of industrial metals, offering a wide range of carbon, stainless, alloy, and aluminum products, along with extensive metal processing services across diverse manufacturing and industrial sectors.

Deal Details and Timeline:

The deal is expected to close in the first quarter of 2026.

Michael Siegal, Executive Chairman of Olympic Steel’s Board, will be appointed Chairman of the Board of the combined company. Olympic Steel will also designate three additional directors to serve on the combined 11-member Board.

Eddie Lehner, CEO of Ryerson, will serve as CEO of the combined company, while Richard Marabito, CEO of Olympic Steel, will assume the role of Chief Operating Officer.

Ryerson received financial advice from J.P. Morgan and legal guidance from Willkie Farr & Gallagher. Olympic Steel worked with KeyBanc Capital Markets for financial advice and Jones Day for legal support.

Ryerson is acquiring Olympic Steel for 9.78 times its EBITDA.

Deal Metrics:

For a more detailed analysis of this merger, visit:

Deal Metrics for the acquisition of Olympic Steel, Inc. (ZEUS) by Ryerson Holding Corporation (RYI)

Key insights provided on the Deal Metrics page include:

• A comprehensive chart showing the spread history of the merger from announcement to completion or failure.
• Progress updates including regulatory approvals, shareholder votes, and more.
• News and SEC filings related to the merger.
• Historical deal updates.
• And much more.

Disclaimer: This article is intended for informational purposes only. It is recommended to conduct your own research and due diligence before making any investment decisions based on the content provided in this article. We do not guarantee the accuracy or completeness of the information presented in this article.

Editor’s Note: Baranjot Kaur contributed to this article