CHICAGO, Dec. 6, 2016 /PRNewswire/ -- Zekelman Industries announced today that it has entered into a definitive agreement with Nippon Steel & Sumitomo Metal Corporation and other minority shareholders of Western Tube & Conduit for Wheatland Tube to purchase Western Tube & Conduit Corporation. The financial terms of the agreement were not disclosed. The parties expect the transaction to close next year, subject to customary closing conditions including regulatory approval.
Based in the western USA, Western Tube & Conduit Corporation is a producer of steel tubing, both black and galvanized. "We are very excited to add Western Tube & Conduit Corporation to the Zekelman Industries family of leading value-added manufacturing brands. Western Tube & Conduit Corporation shares our high-quality, customer-centric focus," said Barry Zekelman, executive chairman and CEO of Zekelman Industries.
Zekelman Industries sells electrical conduit, fence pipe and mechanical tube products through its Wheatland Tube division. Zekelman Industries intends to offer customers products under both the Wheatland Tube and Western Tube brands. "Western Tube and Wheatland Tube offer complementary products and services. Each company will continue to operate in the marketplace as it does today," said Jim Hays, president of electrical, fence and mechanical for Zekelman Industries.
According to Barry Zekelman, "The investment in Western Tube & Conduit Corporation and its people is another step in Zekelman Industries' continued focus on being the best value-added manufacturer in the world."
For more information about Zekelman Industries, please visit zekelman.com
About Zekelman Industries
Zekelman Industries includes the operating divisions of Atlas Tube, Picoma, Energex Tube, Sharon Tube, Wheatland Tube and Z Modular. Zekelman Industries delivers a broad range of industrial solutions that build its customers' success.
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SOURCE Zekelman Industries