Early Life
Barry Zekelman was born in 1967 in Windsor, Ontario, Canada. His father, Harry Zekelman, founded Atlas Tube, a structural tubing company. Tragically, Harry Zekelman passed away in 1986, when Barry was only 19 years old. This event led Barry and his brothers, Alan and Clayton, to take ownership of the family business, which was struggling financially at the time.
Rise to Success
After his father's death, Barry Zekelman, along with his brother Alan, took over the family's steel business. At that time, the company was not in a good financial state. Barry Zekelman implemented strategies to revitalize the business, including acquiring companies and expanding its reach from $2 million in sales to over $1.2 billion. He developed a formula of 'buy for X and sell for Y' and in 2006, Atlas Tube merged with John Maneely Company, creating North America's largest steel tubing manufacturer. In 2016, the company was renamed Zekelman Industries.
Key Business Strategies
Zekelman's success is attributed to his ability to identify and capitalize on market opportunities through strategic acquisitions. He is known for his investments in advanced manufacturing processes, allowing Zekelman Industries to maintain a leading position in the industry. He has also focused on building a strong, engaged workforce, believing that a happy and empowered team is key to success.
Philanthropy
Barry Zekelman is involved in philanthropic efforts, supporting various causes in healthcare, education, and community development. He and his wife, Stephanie, have also donated to organizations. In 2010, his foundation was awarded the AFP Outstanding Philanthropic Foundation award for their charitable contributions.