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AZZ Inc expands metal coating services by acquiring K2 Partners

Steel News - Published on Fri, 19 Apr 2019

Image Source: PR Newswire
AZZ Inc a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, announced that it has acquired all the assets and outstanding shares of K2 Partners, Inc a privately held company. K2 provides powder coating and electroplating services to customers in the Midwest and Southeast from locations in Texas and Florida. Terms of the transaction were not disclosed. AZZ expects the acquisition will be accretive to earnings within the first year of operation.

Through the acquisition, AZZ gains the powder coating operations of Centrix Powder Coating in Tampa, Florida and the powder coating and electroplating operations of Cimcon Finishing in Garland, Texas. Going forward, the facility in Tampa will operate as AZZ Powder Coating - Tampa and the location in Garland will operate as AZZ Powder Coating and Plating - Garland. The acquisition increases AZZ’s Metal Coatings network of plants to 44 sites in the United States and Canada.

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Posted By : Ratan Singh on Fri, 19 Apr 2019
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