Olympic Acquires EZ-Dumper Assets
By Metal Center News Staff
on Aug 6, 2019
Olympic Steel Inc., Cleveland, has acquired certain assets related to the manufacturing of EZ-Dumper hydraulic dump inserts. The deal marks the Cleveland-based service center company’s second branded metal product acquisition of the year.
“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 Richard T. Marabito, Olympic Steel CEO. “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.”
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.
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, Pa., which is near EZ-Dumper’s current manufacturing facility in Waynesboro, Pa.