AZZ Inc. announced it has entered into an agreement to acquire all the assets of Canton Galvanizing, LLC, a privately held hot-dip galvanizing company based in Canton, Ohio. The terms of the transaction were not disclosed.
This strategic acquisition is expected to be accretive to AZZ's earnings within the first year of operation. The new facility will operate as AZZ Galvanizing – Canton East LLC, enhancing AZZ's ability to support customers in the Midwest region of the United States.
Bryan L. Stovall, President and Chief Operating Officer of Metal Coatings, stated that the acquisition increases AZZ's metal coating capacity and strengthens its network to 42 galvanizing sites in North America. Canton Galvanizing specializes in coating small to mid-size parts and features a spinning operation and a 21-foot kettle.
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