Printer Friendly

AZZ Acquires K2 Partners to Expand Metal Coating Services.

M2 EQUITYBITES-April 17, 2019-AZZ Acquires K2 Partners to Expand Metal Coating Services

(C)2019 M2 COMMUNICATIONS http://www.m2.com

17 April 2019 - Texas, US-based steel fabrication company AZZ Inc. (NYSE: AZZ) has acquired all the assets and outstanding shares of Florida, US-based K2 Partners, Inc., providing powder coating and electroplating services, the company said.

Terms of the transaction were not disclosed. AZZ expects the acquisition will be accretive to earnings within the first year of operation.

Through the acquisition, AZZ gains the powder coating operations of Centrix Powder Coating in Tampa, Florida and the powder coating and electroplating operations of Cimcon Finishing in Garland, Texas.

K2 Partners Inc., a Florida corporation, has provided regional powder coating and electroplating services to customers in Texas and Florida since 1994.

The company's electroplating and anodising service provide unique aesthetic, wear and anti-corrosion benefits for steel and aluminum.

AZZ is a provider of metal coating services, welding solutions, speciality electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2019 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Geographic Code:1U5FL
Date:Apr 17, 2019
Words:182
Previous Article:Celling Biosciences Acquires ThermiGen Assets.
Next Article:Advanced Pavement Group Acquires Easmunt Paving to Expand in Northeast/Mid-Atlantic.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters