Olympic Steel Inc. has acquired certain assets related to the manufacturing of the EZ-Dumper hydraulic dump inserts as part of its growth and diversity strategy. This represents Olympic Steel’s second branded metal products acquisition in the past seven months, following the McCullough Industries transaction in January 2019.
EZ-Dumper steel and stainless steel dump inserts for pickup truck and service truck beds are sold through a network of more than 100 dealers across the United States and Canada.
“Continuing to expand in the metal-intensive branded products space is a key element of our growth and diversification strategy, and the EZ-Dumper asset acquisition represents our second such acquisition,” said Olympic Steel CEO Richard T. Marabito. “We believe combining our strengths in raw material supply and metal processing with EZ-Dumper’s product quality and brand recognition will provide a consistent and growing EBITDA stream for our organization. We are committed to actively evaluating additional opportunities to add to our metal-intensive branded products portfolio.”
EZ-Dumper will be included in Olympic Steel’s Carbon Flat Products segment, and its manufacturing assets and employees will be integrated into Olympic Steel’s facility in Chambersburg, Pennsylvania, which is near EZ-Dumper’s current manufacturing facility in Waynesboro, Pennsylvania.