08
Mar
20:40
AZZ purchases Precoat Metals in $1.28 billion deal
Galvanizing and coatings services provider AZZ Inc is set to purchase Precoat Metals from Sequa Corporation in a deal worth $1.28 billion.
Precoat is a St Louis, Missouri-based coil coating company with 13 manufacturing facilities, 15 coating lines, and 17 processing lines spread across the eastern half of the US from Houston, Texas, to Baltimore, Maryland. In 2021, its revenues reached $700 million with adjusted Ebitda of $137m.
“We are pleased to acquire …
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