Ryerson and Olympic Steel Successfully Merge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 13 2026
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Source: PRnewswire
- 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.
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.
