AZZ to Purchase Tennessee Galvanizing
Tennessee Galvanizing has four operating galvanizing lines, including centrifuge, rod, conveyer and a 42-foot structural kettle.
AZZ Inc., a provider of metal coating services, has reached an agreement to acquire Tennessee Galvanizing, a privately held metal coatings company in Jasper, Tennessee, with four operating galvanizing lines, including centrifuge, rod, conveyer and a 42-foot structural kettle.
The transaction is expected to close in the spring of 2019, pending completion of final due diligence activities. The facility will operate as AZZ Galvanizing – Chattanooga and will retain key managerial personnel and hourly employees currently employed at the facility.
“The purchase of Tennessee Galvanizing expands our network of metal coatings facilities in North America that are able to provide a broad spectrum of metal coating services,” says Bryan Stovall, senior vice president of AZZ Metal Coatings. “We believe that existing and potential customers served by AZZ Galvanizing – Chattanooga will benefit from AZZ's economies of scale."
The acquisition will increase AZZ's metal coatings network of hot-dip galvanizing plants to 41 sites in the United States and Canada. Visit azz.com.