Home AboutUs Exhibition
Info
News
Center
Exhibitor
Manual
Cost of
Participation
Floor
Plan
Exhibition
Retrospect
Media
Support
Contact Chinese
¡¡News Type
Exhibition News
Industry News
Company News
Media reports
¡¡New Detail
     
Zekelman Industries to acquire Western Tube & Conduit Corporation- The 18th China(Guangzhou ) Int¡¯l tube & pipe Processing Equipment Exhibition
12/7/2016  -steel tube expo-tube &pipe expo
---------------------------------------------------------------------------------------------------------------
     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."   - The 18th China(Guangzhou ) Int¡¯l tube & pipe Processing Equipment Exhibition

Copyright © 1996-2024¡¡ JULANG.COM.CN Stone Rich Sight. All Rights Reserved
Add:Room 3A05-3A06,Building A1£¬Xinghui Park,Huaming Road 29,Pearl River New City,Guangzhou,510623,China