Olympic Steel acquires Central Tube & Bar

Cleveland-based metals service center Olympic Steel Inc. has announced its acquisition of Central Tube & Bar (CTB). CTB serves large OEMs and fabricators across the Mid-South from three facilities in Conway, Ark., and Tulsa, Okla., totaling 162,000 sq. ft. of warehouse and production space. The business offers laser tube cutting, tube bending, robotic welding, flat laser burning, and press brake forming.

CTB serves the transportation, agricultural, commercial furniture, and data center construction industries with fabricated tube and bar products, including round, square, rectangular, and special-shaped tubes. The business will continue to operate as Central Tube & Bar, an Olympic Steel Company.

“In addition to expanding our geographic reach into the high-growth markets in the Mid-South, Central Tube & Bar extends our value-added contract manufacturing capabilities,” said Olympic Steel President/COO Andrew Greiff. “The addition of CTB into our tubular and pipe products segment, combined with the existing success of our Chicago Tube & Iron business, provides great opportunities for growth and synergies.”

Central Tube & Bar will be included in Olympic Steel’s tubular and pipe products segment, led by William Zielinski, president, Chicago Tube & Iron.