Zekelman Industries completed the acquisition of EXLTUBE from SPS Companies.

Zekelman Industries, a North American manufacturer of industrial steel pipe and tube products, completed the acquisition of EXLTUBE, a provider of hollow structural sections, mechanical tubing, standard pipe and specialty products, from SPS Companies, a diversified metals company. Financial terms were not disclosed. "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," Matt Crocker, SPS President and CEO.