AZZ Expands Metal Coatings with Enhanced Powder Buyout
Posted on Wednesday, July 5, 2017
As reported on by Zacks Equity Research on Nasdaq.com, provider of engineered services and welding solutions, PCI member AZZ Inc. announced the buyout of the assets of Enhanced Powder Coating Ltd (EPC), a privately held plating and anodizing services provider, based in Gainesville, Texas. However, the terms of the agreement were kept under wraps.
With metallic corrosion costs significantly rising in the North American economy, hot-dip galvanizing serves as an important input for the building and infrastructural sectors. Along with zinc, galvanized steel represents a highly sustainable and cost-effective material solution. Under such a situation, AZZ’s decision to acquire will enhance its metal coating capabilities and enable it to meet rising demand every year.
AZZ intends to pursue continued growth through acquisition of companies or assets that aid expansion of its existing service offerings along with increasing geographic footprint.
Recently in May, AZZ announced the opening of its first powder coat facility in Crowley, Texas. The facility features its technology, PowderGALV® for metal coating purposes. The company’s North American presence provides a strategic advantage in a highly competitive market and expanded coatings technology.
For the full story on nasdaq.com, click here.