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AZZ Closes Acquisition of Tennessee Galvanizing to Expand Metal Coatings Facilities
Thursday 18 April 2019

18 April 2019 - Texas, US-based metal coating services provider AZZ Inc. (NYSE: AZZ), offering welding solutions, speciality electrical equipment and engineered services, has closed the acquisition of Tennessee, US-based metal coatings company Tennessee Galvanizing Inc., to increase network of hot-dip galvanizing plants to 41 sites in the US, the company said.

Terms of the transaction were not disclosed and are subject to customary terms and conditions.

The facility will operate as AZZ Galvanizing Chattanooga and will retain key managerial personnel and hourly employees currently employed at the facility.

AZZ Metal Coatings said the purchase of Tennessee Galvanizing expands its North American network of metal coatings facilities that are able to provide a range of metal coating services from small piece goods to large components.

Tennessee Galvanizing Inc. is a regional provider of galvanizing services.

The company operates four distinct galvanizing lines in its Jasper, Tennessee location, including centrifuge, rod, conveyor and traditional hot-dip galvanizing.

AZZ Inc. is a global provider of metal coating services, welding solutions, speciality electrical equipment and highly engineered services to the markets of power generation, transmission, distribution and industrial in protecting metal and electrical systems used to build and enhance the world's infrastructure.
Details
Date Published: 18/04/2019
Target: Tennessee Galvanizing Inc
Country: USA
Sector: Metals/Mining
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: AZZ Inc
Comment:
Terms of the deal were not disclosed

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