AP NEWS

Zekelman Industries, Inc. Launches Roadshow for Initial Public Offering - Canada

September 7, 2018

CHICAGO--(BUSINESS WIRE)--Sep 7, 2018--Zekelman Industries, Inc. (“Zekelman” or “the Company”) announced today that it has launched the roadshow for its initial public offering of 41,750,000 shares of its Class A subordinate voting stock at an expected initial offering price to the public of between $17.00 and $19.00 per share pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission (“SEC”).

Zekelman is offering 27,750,000 shares of Class A subordinate voting stock in the initial public offering, and certain selling stockholders named in the registration statement are offering the remaining 14,000,000 shares of Class A subordinate voting stock. Certain of the selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 6,262,500 shares of Class A subordinate voting stock. The Company has applied to list its shares of Class A subordinate voting stock on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol “ZEK”.

Goldman Sachs & Co. LLC and BofA Merrill Lynch are acting as joint lead book-running managers for the offering. BMO Capital Markets and Credit Suisse are also acting as joint book-running managers for the offering. GMP Securities, KeyBanc Capital Markets, William Blair, Stifel, BTIG and PNC Capital Markets LLC are acting as co-managers for the offering.

The offering is being made only by means of a prospectus. Copies of the preliminary prospectus relating to this offering may be obtained from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526 or email: prospectusgroup-ny@ny.email.gs.com; BMO Capital Markets Corp., Attn: Equity Syndicate Department, 3 Times Square, 25th Floor, New York, NY 10036 (Attn: Equity Syndicate), or by telephone at (800) 414-3627 or by email at bmoprospectus@bmo.com and in Canada from BMO Capital Markets, Brampton Distribution Centre c/o The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2 or by telephone at (905) 791-3151 Ext 4312 or by email at torbramwarehouse@datagroup.ca.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. An amended and restated preliminary prospectus has been filed with the securities commissions or similar securities regulatory authorities in each of the provinces and territories of Canada containing important information relating to the Class A subordinate voting stock. The amended and restated preliminary prospectus remains subject to completion or amendment. There will not be any sale or any acceptance of an offer to buy the Class A subordinate voting stock until a receipt for the final prospectus has been issued by the relevant securities commissions in Canada.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Zekelman Industries

Zekelman Industries, Inc. is a leading North American manufacturer of industrial steel pipe and tube products. With 13 pipe and tube production facilities in the U.S. and Canada, Zekelman delivers a broad range of pipe and tube solutions marketed under a family of respected brands, including Atlas, Wheatland, Sharon Tube, Western Tube & Conduit, Picoma and Z Modular.

Forward-Looking Statements

This press release contains certain forward-looking statements. Words such as “expects”, “intends” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and no assurance can be given that the initial public offering discussed above will be completed on the terms described. Completion of the proposed initial public offering and the terms thereof are subject to numerous factors, many of which are beyond Zekelman’s control, including, without limitation, market conditions. Zekelman undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005262/en/

CONTACT: Zekelman Industries, Inc.

Investor Contact

Mike Graham

Executive Vice President and Chief Financial Officer

312-275-1600

investors@zekelman.com

or

Clermont Partners

Victoria Sivrais

312-690-6004

zekelmanIR@clermontpartners.com

KEYWORD: UNITED STATES NORTH AMERICA CANADA ILLINOIS

INDUSTRY KEYWORD: MANUFACTURING STEEL OTHER MANUFACTURING CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: Zekelman Industries, Inc.

Copyright Business Wire 2018.

PUB: 09/07/2018 09:41 AM/DISC: 09/07/2018 09:41 AM

http://www.businesswire.com/news/home/20180907005262/en

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