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 for $550 million, then purchased Atlas Tube, and Sharon Tube, forming them into JMC Steel Group under DBO Holdings. Carlyle and Zekelman nearly sold them to Novolipetsk Steel for $3.5 billion in 2008, but the deal fell through in late 2008, with DBO/Carlyle suing NLMK for breach of contract. 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

Zekelman subsidiaries and locations include:
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. Barry Zekelman dined with Donald Trump at a private Trump Hotel DC dinner by America First Action. Zekelman lobbied Trump regarding steel tariffs, the border wall, and trucking regulations.
As a foreign business executive trying to buy influence through spending on American elections, the Campaign Legal Center 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 owns a million-dollar cigarette boat named Man of Steel. He also has owned several superyachts named Man of Steel; he previously owned a 2005 Heesen 3700 named Man of Steel. He replaced this with a steel-hulled Heesen in 2008, the largest they had built at the time. It was sold and renamed Inception. 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.