Olympic Steel acquires Berlin Metals’ assets
16 April 2018
Olympic Steel Inc, a leading national metals service center, has announced that it has acquired the assets of Berlin Metals LLC, based in Hammond, Indiana.
Berlin Metals was founded in 1967 and is one of the largest North American service centers processing and distributing prime tin mill products and stainless steel strip in slit coil form. The Company is also a supplier of galvanized, light gauge cold rolled sheet and strip; and other coated steels in coil form, to customers in the building products, automotive, and specialized industrial markets.
The purchase includes four coil slitters operating from a 120,000 square foot facility in Hammond. Berlin Metals will continue to operate under its well-known brand and the management team, including President Roy Berlin, will remain at the Company. The business will be included in Olympic Steel's Specialty Metals Flat Products reporting segment, which is led by President, Specialty Metals Andy Markowitz, and is expected to be accretive to 2018 earnings.