U.S. steel pipe manufacturer Atlas Tube, Zekelman, has announced a joint venture agreement with Maruichi USA.
According to an announcement released by Atlas Tube, the joint venture will combine the operations of Atlas Tube and Maruichi USA under Atlas Tube. Completion of the transaction is subject to customary due diligence and final legal documentation.
The joint venture is expected to close at the end of June 2026, with additional information to be disclosed to the public and interested parties upon completion.
Atlas Tube is part of Zekelman Industries, which claims to be the largest independent manufacturer of steel pipe and tubing in North America and has 19 production sites, more than 3,200 employees and an annual production capacity of 3.3 million tons. Zekelman's operating companies include Atlas Tube, Wheatland Tube, Western Tube, Sharon Tube, Picoma and Z Modular.
Maruichi USA, meanwhile, is part of the North American division of Maruichi Steel Tube Ltd., based in Japan. Maruichi Steel Tube's American subsidiaries include Maruichi American Corporation in California, Maruichi Leavitt Pipe & Tube in Illinois and Maruichi Oregon Steel Tube in Oregon. Maruichi American Corporation states that it has been supplying steel tube and pipe to customers in North America since 1980.
