Strategic acquisition expands AZZ's metal coatings portfolio to include powder coating, plating and anodizing services.
Fort Worth, TX /PRNewswire/ - AZZ Inc. (NYSE: AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, announced today that it has acquired the assets of Enhanced Powder Coating Ltd., ("EPC"), a privately held, high specification, NADCAP certified provider of powder coating, plating and anodizing services based in Gainesville, Texas. EPC, founded in 2003, offers a full spectrum of finish technology including powder coating, abrasive blasting and plating for heavy industrial, transportation, aerospace and light commercial industries. Terms of the transaction were not disclosed. AZZ anticipates the acquisition of EPC will be accretive to earnings within the first year of operation.
Tim Pendley, Senior Vice President and Chief Operating Officer of AZZ Metal Coatings, commented, "The acquisition of EPC is a great addition to AZZ and enhances our position as a metal coatings solutions leader. This acquisition is consistent with our strategic initiative to grow our Metal Coatings segment with products and services that complement our industry-leading galvanizing business. We are pleased to welcome EPC's employees to AZZ, and look forward to providing our customers with high quality service, and expanded coatings technology."
About AZZ Inc.
AZZ Inc. is a global provider of hot dip galvanizing, welding solutions, specialty 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.
AZZ's Metal Coatings segment is a leading provider of metal finishing solutions for corrosion protection, including hot dip galvanizing to the North American steel fabrication industry. AZZ's Energy Segment is dedicated to delivering safe and reliable transmission of power from generation sources to end customers, and automated weld overlay solutions for corrosion and erosion mitigation to critical infrastructure in the energy markets worldwide.
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