Valmont Acquires United Galvanizing
By Metal Center News Staff
on Feb 11, 2019
Valmont Industries Inc., Omaha, Neb., has acquired 100 percent of the outstanding shares of United Galvanizing Inc., Houston. The transaction was funded with cash on hand.
United provides hot-dip zinc galvanizing and CorroCote services that will support Valmont's steel structures manufacturing facilities in Brenham, Texas and Monterrey, Mexico, as well as custom work in the surrounding markets. Two structural kettles have a combined annual capacity of 80,000 tons, with flexibility to service a broad range of products. United's 2018 full-year revenues were approximately $21 million.
Valmont also announced plans to construct a new hot-dip zinc galvanizing facility in Midland, Pa. Construction on the 120,000-square-foot facility is expected to begin this quarter. As a result of the United acquisition, Valmont will move its 54-foot kettle from its Brenham location to Midland.
"United Galvanizing has been a respected name in the Houston market for many years," said Stephen G. Kaniewski, president and CEO of Valmont Industries, Inc. "With this acquisition, and the construction of our new galvanizing facility in Pennsylvania, we strengthen our North America presence in the coatings business, and continue to execute on the growth strategies.”
Upon completion of both transactions, Valmont Coatings will have 38 locations worldwide in the United States, Canada, Australia, New Zealand, India and Southeast Asia.