AZZ incorporated (AZZ) Completes Acquisition of Nuclear Logistics Inc.; Deal Accretive to 2013

Article Stock Quotes (1) Comments (0)

AZZ incorporated (NYSE: AZZ) announced the completion of substantially all of the assets of Nuclear Logistics Inc. ("NLI"), a Fort Worth, TX based provider of electrical and mechanical equipment and services for enhancing the safety of nuclear facilities. NLI will be an indirect wholly-owned subsidiary of AZZ.

For the first full year under AZZ, NLI revenues are expected to be in the range of $70 to $80 million. AZZ expects the acquisition to be accretive to FY 2013 EPS by $0.20 to $0.25, which will include the expected acquisition costs and the amortization of intangible assets, including NLI's acquired backlog of approximately $75 million.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend
• L Brands, Inc. (LTD) Tops Q1 EPS by 2c; Guides Q2, FY13 EPS
• Staples, Inc. (SPLS) Misses Q1 EPS by 1c

Create E-mail Alert Related Categories

Corporate News, Guidance, Mergers and Acquisitions

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?