June 24, 2015
AZZ Acquires U.S. Galvanizing
AZZ incorporated, Fort Worth, Texas, has acquired the assets of U.S. Galvanizing, LLC, a provider of steel corrosion coating services. U.S. Galvanizing is a wholly owned subsidiary of Trinity Industries, Dallas.
With the purchase of these assets AZZ Galvanizing Services has increased its network of hot-dip galvanizing plants to 42 sites in the United States and Canada. U.S. Galvanizing generated revenue of approximately $34 million in annual sales in its most recent fiscal year.
The acquisition of the U.S. Galvanizing assets includes galvanizing facilities in Hurst, Kennedale, Big Spring and San Antonio, Texas; Morgan City, La.; and Kosciusko, Miss. Additionally, the transaction includes Texas Welded Wire, a secondary business integrated within U.S. Galvanizing's Hurst, facility.
As part of this acquisition, AZZ and Meyer Steel Structures, a manufacturer of steel structures for electricity transmission and distribution, and a wholly owned subsidiary of Trinity Industries, have entered into a long-term supply and service agreement where AZZ will be the primary supplier of hot-dip galvanizing services.
"This is an important strategic acquisition for AZZ, as we expand our network of galvanizing plants and solidify our relationship with Trinity. Additionally, this further expands our penetration in the states of Texas, Louisiana and Mississippi, and it further solidifies our position as the leading North American hot-dip galvanizing provider to the steel fabrication industry for corrosion protection,” says Tom Ferguson, president and CEO of AZZ incorporated.