Ryerson Holding to Merge With Olympic Steel, Creating Expanded North American Metals Platform

Ryerson Moves to Create Expanded North American Metals Platform

Integration Strategy and Operational Scale

Ryerson Holding is advancing a planned merger with Olympic Steel that shareholders of both companies approve, clearing the way for the transaction to close on Feb. 13, 2026, subject to customary closing conditions. The agreement merges Olympic Steel into Ryerson and positions Ryerson to operate a larger, more diversified metals service network across North America. Management frames the deal as an operational consolidation rather than a financial reorganization, aimed at strengthening processing and distribution capabilities for industrial customers.

The combined company is set to leverage complementary footprints and product lines. Ryerson, founded in 1842, brings roughly 106 locations and about 4,300 employees across the United States, Canada, Mexico and China; Olympic Steel contributes 53 U.S. facilities and a portfolio focused on carbon and coated sheet, plate and coil steel, stainless products, aluminum, pipe and tube, valves and fittings, and a range of metal-intensive end-use items. Executives highlight the union of value‑added processing expertise and direct-sales channels as a means to broaden product offerings and meet customer demand with enhanced lead times and local service.

Operational synergies drive the companies’ public rationale for the merger, with expected improvements in processing capabilities, inventory optimization and route-to-market efficiency. Ryerson plans to integrate complementary value‑added services—such as specialty fabrication, toll processing and finished goods assembly—into a single platform to reduce redundancies and increase throughput. The firms caution that delivery of these efficiencies depends on successful integration of systems, workforce alignment and fulfillment of remaining closing conditions.

Share Conversion and Listing Change

Under the merger terms, Olympic Steel shareholders receive 1.7105 shares of Ryerson common stock for each Olympic share. Olympic Steel shares will cease trading and the company will be removed from the NASDAQ following closing on Feb. 13, 2026.

Forward-Looking Statements and Approvals

Both companies flag forward-looking statements tied to expected benefits, timing and synergies and note these are subject to risks and uncertainties. At Special Meetings, investors approve the issuance of Ryerson common stock required to effect the transaction, allowing the companies to proceed toward integration planning and operational execution.