The company did not disclose terms of the purchase.
The addition is Olympic Steel’s second branded metal products acquisition in the past seven months, following the McCullough Industries transaction in January.
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.
“Continuing to expand in the metal-intensive branded products space is a key element of our growth and diversification strategy, and the EZ-Dumper asset acquisition represents our second such acquisition,” said Richard T Marabito, Olympic Steel’s chief executive officer.
“We believe combining our strengths in raw material supply and metal processing with EZ-Dumper’s product quality and brand recognition will provide a consistent and growing EBITDA stream for our organization. We are committed to actively evaluating additional opportunities to add to our metal-intensive branded products portfolio.”
The EZ-Dumper brand, introduced in 1972, is nationally recognized. Its dump inserts, built from heavy-gauge materials and backed by a structural steel frame, can hold and unload up to 6,000 pounds of material for construction, landscaping and home renovation applications, Olympic Steel said.
Made to bolt directly into most full-size pickup trucks, or custom-made for service and utility body vehicles, each insert lowers and dumps utilizing a 12-volt hydraulic pump that plugs directly into the truck battery.
For more information, visit ez-dumper.com.
Olympic Steel said EZ-Dumper will be included in its carbon flat products segment, and its manufacturing assets and employees will be integrated into Olympic Steel’s facility in Chambersburg PA, which is near EZ-Dumper’s current manufacturing facility in Waynesboro.