US EditionRyerson Completes $792M Acquisition of Olympic Steel
The merger combines complementary capabilities and footprints, aiming for $120 million in annual synergies by 2028 to enhance scale and efficiency in metals services.
- On Feb. 13, 2026, Ryerson and Olympic Steel completed their merger, with Ryerson issuing 1.7105 shares for each Olympic share, leaving former Olympic shareholders with about 37%.
- Executives cited strategic fit and scale, noting Ryerson described the deal as a highly compatible match that strengthens its position and expects $120 million in annual synergies by early 2028.
- Leadership changes included board-appointed inducement restricted stock units effective Feb. 13, 2026, for Richard T. Marabito, Andrew S. Greiff, and Richard A. Manson, at Ryerson and Olympic Steel.
- Ryerson committed to quarterly synergy reporting, and the combined company will trade on the NYSE as RYZ starting February 24, 2026.
- Executives warned investors that Ryerson cautioned forward-looking statements involve risks including costly integration, delayed cost savings, and adverse employee or market reactions, and it disclaims obligation to update them.
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Ryerson and Olympic Steel Announce Successful Closing of Merger
CHICAGO and CLEVELAND, Feb. 13, 2026 /PRNewswire/ -- Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, and Olympic Steel, Inc. (formerly NASDAQ: ZEUS), a leading U.S. metals service center, together announce that they have…
Ryerson and Olympic Steel Announce Successful Closing of Merger - PressReach
CHICAGO and CLEVELAND, Feb. 13, 2026 /PRNewswire/ — Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, and Olympic Steel, Inc. (formerly NASDAQ: ZEUS), a leading U.S. metals service center, together announce that they have successfully merged as of today. Ryerson is issuing 1.7105 shares of Ryerson common stock for every share of Olympic Steel common stock, after which former shareholde…
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