Olympic Steel announces EZ-Dumper® asset acquisition
08 August 2019
Olympic Steel Inc, a national metals service center, recently announced that it has acquired certain assets related to the manufacturing of the EZ-Dumper® hydraulic dump inserts. While the EZ-Dumper acquisition will not be material to Olympic Steel's financial performance, the company does believe it will be incrementally positive to EBITDA. This represents Olympic Steel's second branded metal products acquisition in the past seven months, following the McCullough Industries transaction in January 2019.
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.
The EZ-Dumper brand is nationally recognized and its portfolio of insert products is known for quality and innovation. Built from heavy-gauge materials and backed by a structural steel frame, the dump inserts can hold and unload up to 6,000 pounds of material for construction, landscaping and home renovation applications.