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AZZ Acquires Texas-Based NuZinc Assets to Expand in Dallas Area.

M2 EQUITYBITES-August 30, 2019-AZZ Acquires Texas-Based NuZinc Assets to Expand in Dallas Area

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30 August 2019 - Metal coating solutions company AZZ Inc. (NYSE: AZZ), located in Fort Worth, Texas, has acquired all assets of Texas, US-based private plating company NuZinc, LLC to expand in the Dallas, US area, 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 plating operations and employees of NuZinc, which operates in a 29,000 square foot facility.

Going forward, AZZ intends to operate the facility as AZZ Powder Coating and Plating Garland, and will integrate it with existing powder coating and plating operations the company operates in the area.

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

NuZinc provides electroplating services to the markets of aerospace, defense, telecommunications, medical, transportation and commercial industries.

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Publication:M2 EquityBites (EQB)
Geographic Code:1U7TX
Date:Aug 30, 2019
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