Cleveland-based steel service center Olympic Steel has bought out the assets of Action Stainless and Alloys, a stainless-steel and aluminum distributor based in Texas. The value of the transaction was not disclosed.

 

Action is a full-line distributor of stainless steel and aluminum products such as plate, sheet, angles, flat bar, tubing, and pipe. Moreover, the company offers processing facilities such as CNC machining. In 2019, Action’s overall sales amounted to $40mn. 

 

Action will continue to function as it currently does and become a part of Olympic Steel’s Specialty Metals division. The former currently operates five warehouses across the US. 

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