Steel Products
August 19, 2018
Pipe & Tube Manufacturer Zekelman Industries Seeks IPO
Written by Sandy Williams
Zekelman Industries, Inc., a manufacturer of steel pipe and tube, has filed for an initial public offering with the U.S. Securities and Exchange Commission.
The company listed an offering of $100 million and hopes to complete its IPO this year, according to Bloomberg. Zekelman posted net income of $161 million on net sales of $2.1 billion for FY 2017, up from net income of $68 million the previous year. The company is seeking a valuation of approximately $5 billion.
