Olympic Steel completes CTI acquisition

Jul 05, 2011 | 09:30 AM | Michael Cowden

Tags  Olympic Steel, Chicago Tube & Iron, mergers, acquisitions, service center, distributors, Donald McNeeley

TORONTO — Olympic Steel Inc. has completed its acquisition of Chicago Tube & Iron Co. (CTI).

The Bedford Heights, Ohio-based metals service center announced in May its plans to acquire the tubing, pipe, bar, fittings and valves distributor for $150 million in cash (AMM, May 19). After the closing, it said it also had....

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