MarketZekelman Industries
Company Profile

Zekelman Industries

Zekelman Industries is a Canadian company owned by the Zekelman family, including billionaires Barry, Clayton, and Alan Zekelman. They own Atlas Tube, a steel tubing manufacturer in Canada and the US.

History
Atlas Tube was founded in 1984 by Harry Zekelman. A majority stake was sold to the Carlyle Group in 2006 for $1.5 billion CND. In 2006–2008, the Carlyle Group purchased John Maneely Co (founded in 1877) for $550 million, DBO/Carlyle and NLMK settled their lawsuit in 2009, with NLMK paying $234 million. Picoma became part of JMC in 2009. Carlyle sold a majority stake to the Zekelman family in 2011. The company name was changed to Zekelman Industries in 2016. ==Subsidiaries==
Subsidiaries
Zekelman subsidiaries and locations include: • Atlas Tube, Chicago, Illinois; Plymouth, Michigan; Blytheville, Arkansas; Harrow, Ontario; and Oak Bluff, Manitoba; naming of the Atlas Tube Centre • Hayes Modular, Austin, Texas • Picoma, Cambridge, Ohio • Sharon Tube, Farrell, Pennsylvania and Niles, Ohio • Western Tube, Long Beach, California, acquired in 2017 • Wheatland Tube (created as a subsidiary of John Maneely Co in 1931), Sharon, Pennsylvania and Wheatland, Pennsylvania • Z Modular, based in Chicago; also Birmingham, Alabama; Killeen, Texas; Chandler, Arizona; and Kitchener, Ontario, created in 2016 ==Political involvement==
Political involvement
Zekelman Industries provides steel tubing to the US-Mexico border wall. A Zekelman Industries subsidiary, Wheatland Tube, donated $1.75 million to the America First Action super-PAC to elect Donald Trump, a financial maneuver considered questionable for a foreign citizen. As a foreign business executive trying to buy influence through spending on American elections, the Campaign Legal Center (CLC) filed a complaint against Zekelman with the Federal Election Commission in 2019. In April 2022, the F. E C. fined Zekelman $975,000 in the case, one of the biggest penalties it has ever assessed. ==Barry Zekelman==
Barry Zekelman
Barry Zekelman owns a million-dollar cigarette boat named Man of Steel. The third "Man of Steel" superyacht was an aluminum-hulled Heesen purchased by Zekelman in 2019; it was previously named the Satori and then the Septimus. A third boat, described as a lake boat, is also named Man of Steel. In October 2021, it was confirmed that Zekelman was the purchaser of Steven Spielberg's former 282 ft yacht Seven Seas, built by Oceanco in 2010, which he renamed Man of Steel. ==See also==
tickerdossier.comtickerdossier.substack.com