AZZ (AZZ) to Acquire Canada-Based Galvan Metals
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AZZ incorporated (NYSE: AZZ), announced that it has entered into an agreement to acquire substantially all of the assets of Galvan Metals, Inc. in Montreal, Canada.
The acquisition, which is subject to customary closing conditions, is anticipated to close on January 31, 2012 and is a part of the stated AZZ strategy to continue the geographic expansion of its served markets that should provide a basis for continued growth of the Galvanizing Services Segment of the Company. AZZ has effectively doubled its network of plants in the past 5 years and continues to seek out additional expansion opportunities.
The acquisition, which is subject to customary closing conditions, is anticipated to close on January 31, 2012 and is a part of the stated AZZ strategy to continue the geographic expansion of its served markets that should provide a basis for continued growth of the Galvanizing Services Segment of the Company. AZZ has effectively doubled its network of plants in the past 5 years and continues to seek out additional expansion opportunities.
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