AZZ Inc. Expands Hot-Dip Galvanizing with Acme Acquisition
AZZ Inc. has acquired Acme Galvanizing Inc. in Milwaukee. With this addition, AZZ now operates 40 hot-dip galvanizing plants in North America.
AZZ Inc. (Fort Worth, Texas), has acquired all the assets of Acme Galvanizing Inc. (Milwaukee, Wis.), a privately held hot-dip galvanizing and zinc electroplating company. For more than 100 years, Acme has provided quality metal coating services to the post-fabrication steel market. Terms of the transaction were not disclosed, but AZZ expects the acquisition will be accretive to earnings within the first year of operation.
With this acquisition, AZZ adds a well-established metal coatings operation with a diverse customer base. Going forward, AZZ intends to operate the 80,000-square-foot facility as AZZ Galvanizing and Plating – Milwaukee and further extend AZZ's ability to support customers in the Midwest. The company plans to integrate the new metal coatings plant into its existing network of hot-dip galvanizing plants, making it AZZ’s 40th hot-dip galvanizing site in North America.
"We are pleased with the synergistic acquisition of Acme, as we continue to execute our strategic plan to drive profitable growth and strengthen our overall metal coatings business,” says Bryan L. Stovall, president and COO of AZZ Metal Coatings. “With the acquisition of Acme, AZZ enhances its scope of metal coating services in the Midwest with the addition of four advanced fully automated zinc plating lines and a totally enclosed galvanizing kettle. We welcome Acme's employees and customers to AZZ and look forward to a seamless integration with uninterrupted customer service."
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