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Olympic Steel signs agreement to acquire Tinsley Group - PS&W
- May 22, 2006
- News Release
- Metals/Materials
Olympic Steel Inc., a national steel service center, today announced the signing of a definitive stock purchase agreement to acquire Tinsley Group - PS&W Inc., an indirect subsidiary of Eliza Tinsley Group PLC, an English company. PS&W is a North Carolina-based fabricator of heavy construction equipment components for original equipment manufacturers and is a current customer of Olympic Steel.
The purchase price for the acquisition of PS&W, which is structured as a stock sale, is $10,080,000 in cash, subject to a net working capital adjustment after the closing. Subject to due diligence and satisfaction of closing conditions, the transaction should be completed in early June 2006.
PS&W was founded in 1990, and currently operates two facilities located in Siler City and Seagrove, N.C.
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The Fabricator is North America's leading magazine for the metal forming and fabricating industry. The magazine delivers the news, technical articles, and case histories that enable fabricators to do their jobs more efficiently. The Fabricator has served the industry since 1970.
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- Podcast:
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- Published:
- 04/16/2024
- Running Time:
- 63:29
In this episode of The Fabricator Podcast, Caleb Chamberlain, co-founder and CEO of OSH Cut, discusses his company’s...
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