OEMs
Zekelman Industries partners with Maverick Pipe
Written by David Schollaert
October 18, 2024
Zekelman Industries has announced a joint venture with Maverick Pipe, expanding its offerings of US-made strut channel, PVC conduit, and PVC fence products.
The JV includes the acquisition of a resin mixing and extrusion factory in Richmond, Ky., which will manufacture Maverick Pipe branded products. It also comprises Maverick’s existing factory in Rantoul, according to an Oct. 17 statement.
Terms of the deal were not disclosed.
According to Zekelman, the JV with the Rantoul, Ill.-based PVC pipe and strut channel producer will improve its electrical industry capacity within the Midwest and central Plains.
“We’re excited about this joint venture and new relationship,” said CEO Barry Zekelman. “This partnership will allow our electrical division to better serve our key accounts in the central United States.”
“This partnership not only enhances our capabilities but also amplifies our ability to innovate and deliver exceptional products and value to our customers,” added Maverick Pipe CEO Scott Johnson.
Chicago-based Zekelman Industries is an independently owned pipe and tube producer. Its operating divisions include Atlas Tube, Picoma, Sharon Tube, Wheatland Tube, Western Tube, and Z Modular.
David Schollaert
Read more from David SchollaertLatest in OEMs
Buyers say galv prices stable mill level but stuck in swamp on the street
Galvanized steel buyers on Tuesday discussed the eerie stability in sheet prices of late. Expectations are for the murky market to persist in the short term, while glimmers of hope continue for prices pushing higher.
Trump warns John Deere of tariffs if manufacturing moves to Mexico: Report
Former President Donald Trump has said he will place a 200% tariff on John Deere products imported into the US if the company makes good on previously announced plans to move some production to Mexico.
HVAC shipments gained more ground in June
Shipments of heating and cooling equipment moved higher in June, according to the latest data released from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). June shipments increased 10% month on month (m/m) to 2.16 million units. This was a 7% boost over the same month last year. June represents the best monthly shipment rate year-to-date, […]
Galvanized buyers see price slide continuing in near term
Galvanized prices have tumbled from a month ago, and many market participants expect that trend to continue in July.