Olympic Steel Appoints New Vice President of Fabrication
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
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Should l Buy ZEUS?
Source: Newsfilter
- New Vice President Appointment: Olympic Steel has appointed Matthew Grussing as Vice President of Fabrication, reporting directly to President & COO Andrew S. Greiff, marking a significant personnel shift in the company's growth strategy.
- Extensive Industry Experience: Since joining in 2010, Grussing has held various senior commercial roles, including General Manager of the Minneapolis facility, and with over 16 years in the industry, he is poised to drive growth in high-value manufacturing.
- Clear Strategic Objectives: In his new role, Grussing will focus on strengthening the company's fabrication commercial presence, advancing operational standardization, and adopting new technologies, aiming to enhance stable performance throughout market cycles.
- Leadership and Vision: President Greiff praised Grussing as a “trusted leader,” whose deep understanding of the business and commercial acumen will accelerate the company's transition into higher-margin manufacturing, propelling the next phase of growth.
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About ZEUS
Olympic Steel, Inc. is a metals service center company. The Company provides metals processing and distribution services for a range of customers. Its specialty metals flat products segment is focused on the direct sale and distribution of processed aluminum and stainless flat-rolled sheet and coil products, flat bar products, prime tin mill products and fabricated parts. Its carbon flat products segment is focused on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts. This segment is also engaged in the manufacturing of service station canopies, deck clips, long gutters, trim, boat docks and solar canopy and ground racking components. Its tubular and pipe products segment is focused on the distribution of metal tubing, pipe, bar, valves and fittings and the fabrication of parts supplied to various industrial markets. This segment also includes value-added contract manufacturing capabilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Expected Synergies: The merger is projected to generate approximately $120 million in annual synergies by 2028, primarily through procurement, scale, efficiency gains, and commercial portfolio optimization, significantly improving the company's profitability and competitive edge in the market.
- Executive Appointments: Post-merger, Eddie Lehner remains as CEO of Ryerson, while former Olympic Steel CEO Richard T. Marabito has been appointed as President and COO of Ryerson, ensuring continuity in leadership and effective strategic execution.
- Enhanced Shareholder Value: The merger is expected to enhance shareholder value, with Ryerson anticipating improved earnings quality, strong free cash flow, and an improved leverage profile, all contributing to a stronger position within the industry.
See More
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- Merger Approval: Ryerson Holding Corporation and Olympic Steel, Inc. received shareholder approval at their respective special meetings, marking a critical step towards their merger, which is expected to close on February 13, 2026, further solidifying Ryerson's leadership in the industrial metals market.
- Stock Trading Changes: Following the merger, Olympic Steel's shares will cease trading on February 13, 2026, indicating a significant impact on market structure and suggesting that Ryerson will expand its market share and product offerings.
- Shareholder Benefits: Under the merger agreement, Olympic Steel shareholders will receive 1.7105 shares of Ryerson common stock for each share of Olympic Steel, which is expected to enhance long-term shareholder value and boost investor confidence.
- Market Integration Outlook: This merger is poised to optimize resource allocation between the two companies and may yield synergies that improve operational efficiency, thereby enhancing competitive strength in the highly competitive metals distribution industry.
See More
Ryerson and Olympic Steel Merger Approved by Shareholders
- Merger Approval: Shareholders of Ryerson Holding Corporation and Olympic Steel approved the merger agreement at their respective special meetings, marking a significant step towards integration in the industrial metals sector, with closing expected on February 13, 2026.
- Stock Trading Changes: Following the merger, Olympic Steel shares will cease trading on February 13, 2026, indicating a substantial impact on market structure while allowing Ryerson to expand its market share through this transaction.
- Shareholder Equity Adjustment: Under the merger agreement, Olympic Steel shareholders will receive 1.7105 shares of Ryerson common stock for each share of Olympic Steel, enhancing Ryerson's shareholder base and strengthening its capital structure.
- Industry Consolidation Trend: This merger represents not only a strategic choice for both companies but also reflects the consolidation trend in the metals distribution industry, expected to yield operational synergies and enhance overall competitiveness and market responsiveness.
See More
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- Closing Date: The merger is expected to close on February 13, 2026.
See More
Olympic Steel Appoints New Vice President of Fabrication
- New Vice President Appointment: Olympic Steel has appointed Matthew Grussing as Vice President of Fabrication, reporting directly to President & COO Andrew S. Greiff, marking a significant personnel shift in the company's growth strategy.
- Extensive Industry Experience: Since joining in 2010, Grussing has held various senior commercial roles, including General Manager of the Minneapolis facility, and with over 16 years in the industry, he is poised to drive growth in high-value manufacturing.
- Clear Strategic Objectives: In his new role, Grussing will focus on strengthening the company's fabrication commercial presence, advancing operational standardization, and adopting new technologies, aiming to enhance stable performance throughout market cycles.
- Leadership and Vision: President Greiff praised Grussing as a “trusted leader,” whose deep understanding of the business and commercial acumen will accelerate the company's transition into higher-margin manufacturing, propelling the next phase of growth.
See More
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- Investigation Focus: Halper Sadeh LLC is investigating Sealed Air Corporation (NYSE: SEE) for potential violations of federal securities laws related to its sale to CD&R for $42.15 per share in cash, raising concerns about fiduciary duties to shareholders.
- Exact Sciences Sale: Exact Sciences Corporation (NASDAQ: EXAS) is being sold to Abbott for $105.00 per common share in cash, with Halper Sadeh LLC potentially seeking increased consideration and additional disclosures on behalf of shareholders.
- Olympic Steel Transaction: Olympic Steel, Inc. (NASDAQ: ZEUS) is selling to Ryerson Holding Corporation for 1.7105 shares of Ryerson stock per Olympic share, prompting Halper Sadeh LLC to explore legal remedies and protections for shareholders.
- Legal Services Offered: Halper Sadeh LLC offers legal services on a contingency fee basis, encouraging shareholders to consult for free regarding their legal rights and options, aiming to support and remedy the interests of defrauded investors.
See More
Ryerson and Olympic Steel Successfully Merge
- Merger Completion: Ryerson Holding Corporation and Olympic Steel have successfully merged, with Ryerson issuing 1.7105 shares for each Olympic Steel share, resulting in former Olympic shareholders holding approximately 37% of Ryerson, thereby enhancing Ryerson's market position as the second-largest metals service center in North America.
- Expected Synergies: The merger is projected to generate approximately $120 million in annual synergies by 2028, primarily through procurement, scale, efficiency gains, and commercial portfolio optimization, significantly improving the company's profitability and competitive edge in the market.
- Executive Appointments: Post-merger, Eddie Lehner remains as CEO of Ryerson, while former Olympic Steel CEO Richard T. Marabito has been appointed as President and COO of Ryerson, ensuring continuity in leadership and effective strategic execution.
- Enhanced Shareholder Value: The merger is expected to enhance shareholder value, with Ryerson anticipating improved earnings quality, strong free cash flow, and an improved leverage profile, all contributing to a stronger position within the industry.
See More
Ryerson and Olympic Steel Merger Approved by Shareholders
- Merger Approval: Ryerson Holding Corporation and Olympic Steel, Inc. received shareholder approval at their respective special meetings, marking a critical step towards their merger, which is expected to close on February 13, 2026, further solidifying Ryerson's leadership in the industrial metals market.
- Stock Trading Changes: Following the merger, Olympic Steel's shares will cease trading on February 13, 2026, indicating a significant impact on market structure and suggesting that Ryerson will expand its market share and product offerings.
- Shareholder Benefits: Under the merger agreement, Olympic Steel shareholders will receive 1.7105 shares of Ryerson common stock for each share of Olympic Steel, which is expected to enhance long-term shareholder value and boost investor confidence.
- Market Integration Outlook: This merger is poised to optimize resource allocation between the two companies and may yield synergies that improve operational efficiency, thereby enhancing competitive strength in the highly competitive metals distribution industry.
See More
Ryerson and Olympic Steel Merger Approved by Shareholders
- Merger Approval: Shareholders of Ryerson Holding Corporation and Olympic Steel approved the merger agreement at their respective special meetings, marking a significant step towards integration in the industrial metals sector, with closing expected on February 13, 2026.
- Stock Trading Changes: Following the merger, Olympic Steel shares will cease trading on February 13, 2026, indicating a substantial impact on market structure while allowing Ryerson to expand its market share through this transaction.
- Shareholder Equity Adjustment: Under the merger agreement, Olympic Steel shareholders will receive 1.7105 shares of Ryerson common stock for each share of Olympic Steel, enhancing Ryerson's shareholder base and strengthening its capital structure.
- Industry Consolidation Trend: This merger represents not only a strategic choice for both companies but also reflects the consolidation trend in the metals distribution industry, expected to yield operational synergies and enhance overall competitiveness and market responsiveness.
See More
RYERSON HOLDING CORP - MERGER SET TO CLOSE ON FEBRUARY 13, 2026
- Merger Announcement: Ryerson Holding Corp is set to complete a merger with another entity.
- Closing Date: The merger is expected to close on February 13, 2026.
See More
Olympic Steel Appoints New Vice President of Fabrication
- New Vice President Appointment: Olympic Steel has appointed Matthew Grussing as Vice President of Fabrication, reporting directly to President & COO Andrew S. Greiff, marking a significant personnel shift in the company's growth strategy.
- Extensive Industry Experience: Since joining in 2010, Grussing has held various senior commercial roles, including General Manager of the Minneapolis facility, and with over 16 years in the industry, he is poised to drive growth in high-value manufacturing.
- Clear Strategic Objectives: In his new role, Grussing will focus on strengthening the company's fabrication commercial presence, advancing operational standardization, and adopting new technologies, aiming to enhance stable performance throughout market cycles.
- Leadership and Vision: President Greiff praised Grussing as a “trusted leader,” whose deep understanding of the business and commercial acumen will accelerate the company's transition into higher-margin manufacturing, propelling the next phase of growth.
See More
Halper Sadeh Investigates Sealed Air, Exact Sciences, and Olympic Steel for Potential Violations
- Investigation Focus: Halper Sadeh LLC is investigating Sealed Air Corporation (NYSE: SEE) for potential violations of federal securities laws related to its sale to CD&R for $42.15 per share in cash, raising concerns about fiduciary duties to shareholders.
- Exact Sciences Sale: Exact Sciences Corporation (NASDAQ: EXAS) is being sold to Abbott for $105.00 per common share in cash, with Halper Sadeh LLC potentially seeking increased consideration and additional disclosures on behalf of shareholders.
- Olympic Steel Transaction: Olympic Steel, Inc. (NASDAQ: ZEUS) is selling to Ryerson Holding Corporation for 1.7105 shares of Ryerson stock per Olympic share, prompting Halper Sadeh LLC to explore legal remedies and protections for shareholders.
- Legal Services Offered: Halper Sadeh LLC offers legal services on a contingency fee basis, encouraging shareholders to consult for free regarding their legal rights and options, aiming to support and remedy the interests of defrauded investors.
See More
