Olympic Steel announces EZ-Dumper asset acquisition

Olympic Steel Inc. recently announced that it acquired certain assets related to the manufacturing of the EZ-Dumper hydraulic dump inserts.

EZ-Dumper will be included in Olympic Steel’s Carbon Flat Products segment. Its manufacturing assets and employees will be integrated into Olympic Steel’s facility in Chambersburg, Pa., which is located near EZ-Dumper’s current manufacturing facility in Waynesboro, Pa.

EZ-Dumper hydraulic dump inserts are made from heavy-gauge materials and backed by a structural steel frame. They feature a 12-volt hydraulic pump, which plugs directly into the truck battery, and can hold and unload up to 6,000 pounds of material. They are made to bolt directly into most full-size pickup trucks or are custom-made for service and utility body vehicles. EZ-Dumper dump inserts 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,” Olympic Steel CEO Richard T. Marabito said. “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.”

In January, Olympic Steel acquired the assets of McCullough Industries, Inc., which manufactures and sells self-dumping hoppers used in a variety of industrial applications.