Zekelman is targeting a valuation of about US$5 billion, including debt, according to Bloomberg. It is hoping to list as soon as this year.
 
Based in Chicago, Zekelman Industries has been owned by the Zekelman family since 2011, under the leadership of chairman and chief executive Barry Zekelman. Last year it acquired Western Tube & Conduit and American Tube Manufacturing.
 
According to American Metal Market (AMM), the company said it recognizes opportunities to boost production at its flagship Atlas Tube division and at other locations because of strong demand from the non-residential construction and energy industries.
 
"Our primary focus is to drive growth by optimizing the utilization of our Atlas facilities, and in certain cases, modestly expanding our production capacity, to take advantage of robust growth in demand for structural tubing/HSS," the IPO filing said.
 
The offering comes at a time when prices for structural tubing and related welded pipe are at multi-year highs.

"We have identified a number of projects to both optimize existing production capacity by increasing utilization across our portfolio of pipe and tube manufacturing facilities, and build new capacity at our existing locations," the company said in its registration statement.  
 
The company reports a total annual production of 2.7 million tons.