AZZ Inc. Announces the Acquisition of Canton Galvanizing, LLC
AZZ Inc. (NYSE: AZZ), North America's leading provider of hot-dip galvanizing and coil coating solutions, has announced the acquisition of Canton Galvanizing, LLC, a private hot-dip galvanizing company located in Canton, Ohio. The facility will operate as AZZ Galvanizing – Canton East LLC.
While financial terms were not disclosed, AZZ expects the acquisition to be accretive to earnings within the first year of operation. The strategic acquisition expands AZZ's metal coating capabilities in the Midwest region and increases its North American galvanizing network to 42 sites.
The newly acquired facility will be integrated into AZZ's existing network of hot-dip galvanizing plants, enhancing the company's ability to serve customers in the Midwest United States while maintaining uninterrupted customer service during the integration process.
AZZ Inc. (NYSE: AZZ), il principale fornitore nordamericano di soluzioni per la zincatura a caldo e il rivestimento di bobine, ha annunciato l'acquisizione di Canton Galvanizing, LLC, un'azienda privata specializzata nella zincatura a caldo con sede a Canton, Ohio. La struttura opererà come AZZ Galvanizing – Canton East LLC.
Pur non essendo stati resi noti i dettagli finanziari, AZZ prevede che l'acquisizione sarà vantaggiosa per gli utili già nel primo anno di attività. Questa acquisizione strategica amplia le capacità di rivestimento metallico di AZZ nella regione del Midwest e porta la rete nordamericana di zincatura a caldo a 42 siti.
La nuova struttura acquisita sarà integrata nella rete esistente di impianti di zincatura a caldo di AZZ, migliorando la capacità dell'azienda di servire i clienti nel Midwest degli Stati Uniti, garantendo al contempo un servizio clienti continuo durante il processo di integrazione.
AZZ Inc. (NYSE: AZZ), el principal proveedor de América del Norte de soluciones de galvanizado en caliente y recubrimiento de bobinas, ha anunciado la adquisición de Canton Galvanizing, LLC, una empresa privada de galvanizado en caliente ubicada en Canton, Ohio. La instalación operará bajo el nombre de AZZ Galvanizing – Canton East LLC.
Aunque no se divulgaron los términos financieros, AZZ espera que la adquisición sea acrecitiva para las ganancias en el primer año de operación. Esta adquisición estratégica amplía las capacidades de recubrimiento metálico de AZZ en la región del Medio Oeste y eleva su red de galvanizado en América del Norte a 42 sitios.
La instalación recién adquirida se integrará en la red existente de plantas de galvanizado en caliente de AZZ, mejorando la capacidad de la empresa para atender a los clientes en el Medio Oeste de Estados Unidos, manteniendo un servicio al cliente ininterrumpido durante el proceso de integración.
AZZ Inc. (NYSE: AZZ)는 북미 최고의 열간 아연도금 및 코일 코팅 솔루션 제공업체로, 오하이오주 캔턴에 위치한 민간 열간 아연도금 업체인 Canton Galvanizing, LLC를 인수했다고 발표했습니다. 해당 시설은 AZZ Galvanizing – Canton East LLC로 운영될 예정입니다.
재무 조건은 공개되지 않았으나, AZZ는 이번 인수가 첫 해부터 수익성에 긍정적인 영향을 미칠 것으로 기대하고 있습니다. 이번 전략적 인수로 AZZ의 중서부 지역 금속 코팅 역량이 확대되며, 북미 아연도금 네트워크는 42개 사이트로 증가합니다.
새로 인수한 시설은 AZZ의 기존 열간 아연도금 공장 네트워크에 통합되어, 중서부 미국 고객 서비스 능력이 향상되고 통합 과정 중에도 고객 서비스가 중단 없이 유지될 것입니다.
AZZ Inc. (NYSE : AZZ), principal fournisseur nord-américain de solutions de galvanisation à chaud et de revêtement de bobines, a annoncé l'acquisition de Canton Galvanizing, LLC, une entreprise privée de galvanisation à chaud située à Canton, Ohio. L'installation fonctionnera sous le nom de AZZ Galvanizing – Canton East LLC.
Bien que les termes financiers n'aient pas été divulgués, AZZ prévoit que cette acquisition sera bénéfique pour les résultats dès la première année d'exploitation. Cette acquisition stratégique étend les capacités de revêtement métallique d'AZZ dans la région du Midwest et porte son réseau nord-américain de galvanisation à 42 sites.
La nouvelle installation acquise sera intégrée au réseau existant d'usines de galvanisation à chaud d'AZZ, renforçant ainsi la capacité de l'entreprise à servir ses clients dans le Midwest des États-Unis, tout en assurant un service client ininterrompu pendant le processus d'intégration.
AZZ Inc. (NYSE: AZZ), Nordamerikas führender Anbieter von Feuerverzinkungs- und Coil-Beschichtungslösungen, hat die Übernahme von Canton Galvanizing, LLC angekündigt, einem privaten Feuerverzinkungsunternehmen mit Sitz in Canton, Ohio. Die Anlage wird unter dem Namen AZZ Galvanizing – Canton East LLC betrieben.
Obwohl keine finanziellen Details bekannt gegeben wurden, erwartet AZZ, dass die Übernahme bereits im ersten Jahr gewinnsteigernd sein wird. Die strategische Akquisition erweitert AZZs Metallbeschichtungsfähigkeiten im Mittleren Westen und erhöht das nordamerikanische Verzinkungsnetz auf 42 Standorte.
Die neu erworbene Anlage wird in das bestehende Netzwerk von Feuerverzinkungswerken von AZZ integriert, wodurch die Fähigkeit des Unternehmens verbessert wird, Kunden im Mittleren Westen der USA zu bedienen, während während des Integrationsprozesses ein unterbrechungsfreier Kundenservice gewährleistet bleibt.
- Acquisition expected to be accretive to earnings within first year
- Expands geographical coverage in the Midwest region
- Increases total galvanizing network to 42 sites in North America
- Enhances metal coating capacity and strengthens facility network
- Financial terms of the acquisition not disclosed
Strategic Acquisition Expands AZZ's Metal Coatings Capabilities in the Midwest
Bryan L. Stovall, President and Chief Operating Officer - Metal Coatings, commented, "We are pleased to add
About Canton Galvanizing, LLC
Founded in 2019,
About AZZ Inc.
AZZ Inc. is the leading independent provider of hot-dip galvanizing and coil coating solutions to a broad range of end-markets. Collectively, our business segments provide sustainable, unmatched metal coating solutions that enhance the longevity and appearance of buildings, products and infrastructure that are essential to everyday life.
Safe Harbor Statement
Certain statements herein about our expectations of future events or results constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as "may," "could," "should," "expects," "plans," "will," "might," "would," "projects," "currently," "intends," "outlook," "forecasts," "targets," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. Such forward-looking statements are based on currently available competitive, financial, and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain, and investors must recognize that actual results may differ from those expressed or implied in the forward-looking statements. Forward-looking statements speak only as of the date they are made and are subject to risks that could cause them to differ materially from actual results. Certain factors could affect the outcome of the matters described herein. This press release may contain forward-looking statements that involve risks and uncertainties including, but not limited to, changes in customer demand for our manufactured solutions, including demand by the construction markets, the industrial markets, and the metal coatings markets. We could also experience additional increases in labor costs, components and raw materials including zinc and natural gas, which are used in our hot-dip galvanizing process; supply-chain vendor delays; customer requested delays of our manufactured solutions; delays in additional acquisition opportunities; an increase in our debt leverage and/or interest rates on our debt, of which a significant portion is tied to variable interest rates; availability of experienced management and employees to implement AZZ's growth strategy; a downturn in market conditions in any industry relating to the manufactured solutions that we provide; economic volatility, including a prolonged economic downturn or macroeconomic conditions such as inflation or changes in the political stability in
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FAQ
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