Banner
News

AZZ Inc. completes acquisition of Precoat Metals

May 13, 2022 - AZZ Inc., Fort Worth, Texas, announced that it has completed its previously announced acquisition of the Precoat Metals business division of Sequa Corp., a portfolio company of global investment firm Carlyle, for a purchase price of approximately $1.28 billion.

Headquartered in St. Louis, Precoat is the leading independent provider of metal coil coating solutions in North America. Precoat engages in the advanced application of protective and decorative coatings and related value-added services for steel and aluminum coil primarily serving the construction; appliance; heating, ventilation and air conditioning (HVAC); container; transportation and other end markets. Precoat has approximately 1,100 employees and operates a network of 13 strategically located manufacturing facilities with 15 coating lines and 17 value-added processing lines. For the twelve months ended December 31, 2021, Precoat generated sales of approximately $700 million and adjusted EBITDA of approximately $137 million.

Tom Ferguson, chief executive officer of AZZ, commented, "Today we welcome the 1,100 employees of Precoat to the AZZ family and begin the work of swiftly integrating Precoat into AZZ while leveraging the opportunities this acquisition creates. As I have previously stated, this acquisition significantly broadens our metal coatings offering, creating unrivaled scale and breadth of solutions in both the prepainted and post-fabrication coatings markets. We believe the coil coating market will provide sustainable future growth for AZZ, and we are excited to add a talented leadership team that shares similar values as well as employee and customer focus as we do at AZZ. This acquisition is consistent with our previously communicated strategy prioritizing North American coatings targets with strong strategic fit that are accretive within the first year of operation, and it is a testament to our commitment to drive profitable growth. This acquisition represents a continued transition of AZZ from a diverse holding company to a focused provider of coating and galvanizing services for critical applications."

Kurt Russell, president of Precoat, commented, "This is an exciting milestone for Precoat Metals, as we continue our 60-year evolution. As the Precoat business shifts from being a non-core asset to one that is a paramount strategic priority within AZZ, Precoat will have the resources needed to continue our core growth strategies in support of our customers and, in return, accelerate sales growth and earnings for AZZ."

LATEST ISSUE 
MM Cover0917 digital

vert-current-linewhiteAPRIL 2022

COMING TOGETHER

Service center organization evolves by developing people, staying true to culture and deploying high-tech tools.

>VERTICAL SCROLL DIGITAL EDITION

Enmark 333x100 Banner

Modern Metals on Twitter

Instagram - @ModernMetalsMag

Banner

Company Profiles

AIR FILTRATION

DEBURRING/FINISHING

NESTING SOFTWARE

SOFTWARE

Camfil APC - Equipment ATI Industrial Automation Metamation Inc. 4GL Solutions
Camfil APC - Replacement Filters Lissmac Corp.

PLASMA TECHNOLOGY

Enmark Systems Inc.

ALUMINUM

Osborn Messer Cutting Systems Inc. Lantek Systems Inc.
Richardson Metals, Inc. Supermax Tools

PLATE

SecturaSOFT

BEVELING

Timesavers Churchill Steel Plate SigmaTEK Systems LLC
Steelmax Tools LLC

IRONWORKERS

Peddinghaus

STAINLESS STEEL

COIL PROCESSING

Trilogy Machinery Inc.

PLATE & ANGLE ROLLS

Heyco Metals
ANDRITZ Metals USA Inc.

LASER TECHNOLOGY

Trilogy Machinery Inc.

STEEL

Braner USA Inc. AMADA AMERICA Inc.

PRESS BRAKE TOOLING

Alliance Steel
Burghardt + Schmidt Group MC Machinery Systems Inc. Rolleri USA North American Steel Alliance
Butech Bliss TRUMPF Inc.

PRESS BRAKES

TITANIUM

Red Bud Industries

MATERIAL HANDLING

MC Machinery Systems Inc. STS Metals
The Bradbury Group EMH Crane

PUNCHING

TUBE & PIPE

Tishken Fehr Warehouse Solutions Inc. Hougen Manufacturing BLM Group

CONVEYOR SYSTEMS

Steel Storage Systems

SAWING

HGG Profiling Equipment Inc.
Mayfran International UFP Industrial Advanced Machine & Engineering Prudential Stainless & Alloys

COPPER & BRASS

MEASUREMENT & QUALITY CONTROL

Behringer Saws Inc.

WATERJET TECHNOLOGY

Concast Metal Products Co. Advanced Gauging Technologies Cosen Saws Barton International
Copper and Brass Servicenter Association

METAL FABRICATING MACHINERY

DoALL Sawing Products Jet Edge Waterjet Systems
Farmers Copper Cincinnati Inc. HE&M Saw Omax Corp.
  LVD Strippit Savage Saws

ZINC

  Scotchman Industries

SERVICE CENTERS

Jarden Zinc Products
  Trilogy Machinery Inc. Admiral Steel  
    Alliance Steel  

TPMG2022 Brands


BPA_WW_MASTER.jpg