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Post Idea #1: Daam Galvanizing
Related Articles – Summarized
AZZ Agrees To Acquire DAAM Galvanizing For Undisclosed Sum
Mar. 1, 2022, 02:45 PM AZZ Inc has agreed to acquire DAAM Galvanizing Co. Ltd., a private hot-dip galvanizing company based in Edmonton, Alberta, Canada.
AZZ expects the acquisition to be accretive to earnings within the first year of operation.
Founded in 1954, DAAM operates two galvanizing facilities in Canada; one in Edmonton, Alberta, and a second in Saskatoon, Saskatchewan, and a service depot in Calgary, Alberta.
AZZ plans to integrate the new metal coatings plants into its existing network, increasing its total hot-dip galvanizing network to 42 sites in North America.
“The addition of DAAM will expand AZZ’s geographical coverage in the Northwest and enhances its scope of metal coating services in Canada,” said Bryan L. Stovall, President & COO of AZZ Metal Coatings.
AZZ held cash and equivalents of $20.3 million as of November 30, 2021.
Price Action: AZZ shares are trading lower by 2.36% at $48.07 on the last check Tuesday.
AZZ Agrees To Acquire DAAM Galvanizing For Undisclosed Sum
AZZ Inc has agreed to acquire DAAM Galvanizing Co. Ltd., a private hot-dip galvanizing company based in Edmonton, Alberta, Canada.
AZZ expects the acquisition to be accretive to earnings within the first year of operation.
Founded in 1954, DAAM operates two galvanizing facilities in Canada; one in Edmonton, Alberta, and a second in Saskatoon, Saskatchewan, and a service depot in Calgary, Alberta.
AZZ plans to integrate the new metal coatings plants into its existing network, increasing its total hot-dip galvanizing network to 42 sites in North America.
“The addition of DAAM will expand AZZ’s geographical coverage in the Northwest and enhances its scope of metal coating services in Canada,” said Bryan L. Stovall, President & COO of AZZ Metal Coatings.
AZZ held cash and equivalents of $20.3 million as of November 30, 2021.
Price Action: AZZ shares are trading lower by 2.36% at $48.07 on the last check Tuesday.
AZZ To Acquire Canada’S Daam Galvanizing
AZZ Inc. said Tuesday it has entered into an agreement to acquire Canadian hot-dip galvanizing company Daam Galvanizing Co. for an undisclosed amount.
The transaction will allow AZZ to take over Daam Galvanizing’s facilities in Edmonton, Alberta, and Saskatoon, Saskatchewan, as well as its service depot in Calgary, Alberta, the company said.
AZZ expects the transaction to be accretive to earnings within the first year of operation, according to its announcement.
AZZ Inc. Announces The Acquisition Of DAAM Galvanizing Co. Ltd.
PRNewswire/ – AZZ Inc., a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure, announced today that it has entered into an agreement to acquire DAAM Galvanizing Co. Ltd., a privately held hot-dip galvanizing company based in Edmonton, Alberta Canada.
AZZ expects the acquisition will be accretive to earnings within the first year of operation.
Upon closing, AZZ intends to operate the new facilities as AZZ Galvanizing – Edmonton.
The new metal coatings plants will be integrated into AZZ’s existing network of hot-dip galvanizing plants, increasing its total hot-dip galvanizing network to 42 sites in North America.
President & COO of AZZ Metal Coatings, commented, “With a long and successful operating history of more than 60 years, we are pleased to reach an agreement to add DAAM Galvanizing to AZZ’s Metal Coatings portfolio. This acquisition is a testament to our commitment to drive profitable growth and strengthen our Metal Coatings business. The addition of DAAM will expand AZZ’s geographical coverage in the Northwest and enhances its scope of metal coating services in Canada. We welcome DAAM’s employees and customers to AZZ and look forward to a seamless integration with uninterrupted industry-leading customer service.”
About AZZ Inc. AZZ Inc. is a global provider of galvanizing and a variety of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services to a broad range of markets, including but not limited to, the power generation, transmission, distribution, refining and industrial markets.
AZZ has provided additional information regarding risks associated with the business in AZZ’s Annual Report on Form 10-K for the fiscal year ended February 28, 2021.
AZZ Inc. Announces The Acquisition Of DAAM Galvanizing Co. Ltd.
PRNewswire/ – AZZ Inc., a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure, announced today that it has entered into an agreement to acquire DAAM Galvanizing Co. Ltd., a privately held hot-dip galvanizing company based in Edmonton, Alberta Canada.
AZZ expects the acquisition will be accretive to earnings within the first year of operation.
Upon closing, AZZ intends to operate the new facilities as AZZ Galvanizing – Edmonton.
The new metal coatings plants will be integrated into AZZ’s existing network of hot-dip galvanizing plants, increasing its total hot-dip galvanizing network to 42 sites in North America.
President & COO of AZZ Metal Coatings, commented, “With a long and successful operating history of more than 60 years, we are pleased to reach an agreement to add DAAM Galvanizing to AZZ’s Metal Coatings portfolio. This acquisition is a testament to our commitment to drive profitable growth and strengthen our Metal Coatings business. The addition of DAAM will expand AZZ’s geographical coverage in the Northwest and enhances its scope of metal coating services in Canada. We welcome DAAM’s employees and customers to AZZ and look forward to a seamless integration with uninterrupted industry-leading customer service.”
About AZZ Inc. AZZ Inc. is a global provider of galvanizing and a variety of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services to a broad range of markets, including but not limited to, the power generation, transmission, distribution, refining and industrial markets.
AZZ has provided additional information regarding risks associated with the business in AZZ’s Annual Report on Form 10-K for the fiscal year ended February 28, 2021.
Post Idea #2: AZZ Galvanizing
Related Articles – Summarized
AZZ Is North America’S Largest Hot-Dip Galvanizer
A leading provider of hot-dip galvanizing, AZZ has 39 galvanizing operations throughout the U.S. and Canada providing maximum accessibility and thereby reducing transportation costs for our valued customers.
Our extensive experience and expertise extend to a broad range of applications including agriculture, bridge and highway, construction, electrical utilities, original equipment manufacturers, petrochemicals, recreation and transportation.
AZZ Inc. Announces The Acquisition Of DAAM Galvanizing Co. Ltd.
PRNewswire/ – AZZ Inc., a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure, announced today that it has entered into an agreement to acquire DAAM Galvanizing Co. Ltd., a privately held hot-dip galvanizing company based in Edmonton, Alberta Canada.
AZZ expects the acquisition will be accretive to earnings within the first year of operation.
Upon closing, AZZ intends to operate the new facilities as AZZ Galvanizing – Edmonton.
The new metal coatings plants will be integrated into AZZ’s existing network of hot-dip galvanizing plants, increasing its total hot-dip galvanizing network to 42 sites in North America.
President & COO of AZZ Metal Coatings, commented, “With a long and successful operating history of more than 60 years, we are pleased to reach an agreement to add DAAM Galvanizing to AZZ’s Metal Coatings portfolio. This acquisition is a testament to our commitment to drive profitable growth and strengthen our Metal Coatings business. The addition of DAAM will expand AZZ’s geographical coverage in the Northwest and enhances its scope of metal coating services in Canada. We welcome DAAM’s employees and customers to AZZ and look forward to a seamless integration with uninterrupted industry-leading customer service.”
About AZZ Inc. AZZ Inc. is a global provider of galvanizing and a variety of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services to a broad range of markets, including but not limited to, the power generation, transmission, distribution, refining and industrial markets.
AZZ has provided additional information regarding risks associated with the business in AZZ’s Annual Report on Form 10-K for the fiscal year ended February 28, 2021.
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