Zekelman Acquires EXLTUBE from SPS
By Metal Center News Staff
on Nov 14, 2022
Zekelman Industries, a leading North American manufacturer of industrial steel pipe and tube products, will acquire the assets of EXLTUBE from SPS Companies, Inc. SPS is one of North America’s largest distribution companies.
Headquartered in North Kansas City, Mo., EXLTUBE manufactures hollow structural sections, mechanical tubing, standard pipe and specialty products. The acquisition strengthens Zekelman’s steel tube and pipe manufacturing capabilities with the addition of three co-located mills and 530,000+ square feet of manufacturing and warehouse space in the strategically located Kansas City region.
The acquisition of EXLTUBE adds complementary products and manufacturing capabilities to the Zekelman family of companies. “This acquisition enables Zekelman to provide improved service and an enhanced product offering to customers throughout North America. The cultures of our organizations are highly complementary, and we look forward to beginning this next chapter with the talented team at EXLTUBE,” said Barry Zekelman, executive chairman and CEO of Zekelman Industries.
“EXLTUBE is a fantastic business, and SPS has been fortunate to have owned it for nearly 20 years. The people and culture at EXLTUBE are truly special, as evidenced by its track record of sustained profitable growth. SPS has a longstanding relationship with Zekelman, and we are excited for EXLTUBE to embark on this next phase with the support of Zekelman’s ownership,” said Matt Crocker, president and CEO of SPS.