PRODUCER NEWS - AZZ expands footprint into Nebraska with Alpha Galvanizing buy

print Print this document.  Post this story to Facebook.
Tom Jennemanntom.jennemann@fastmarkets.comSenior North American Correspondent973-204-3383

Winter Park, Florida 01/02/2016 - US galvaniser AZZ Inc has has acquired the assets of Alpha Galvanizing, an Atkinson, Nebraska-based business unit of Olson Industries, which manufactures electrical utility poles, agricultural machinery and industrial manufacturing components.

The newly acquired Nebraska plant is located on a 12-acre site with a 19,500 square foot operating facility with a 46'L x 6'W x 8'D kettle. Terms of the deal were not disclosed.

"From a geographic standpoint, the new AZZ Galvanizing-Nebraska is ideally located to support our Midwestern and Denver locations and their customers as needed," Tim Pendley, chief operating officer of Galvanizing Services of AZZ Inc., commented. "We anticipate the Nebraska plant will be accretive to earnings within the first year of operation."

This acquisition increases AZZ Galvanizing Services' network of hot-dip galvanizing plants to 43 sites in the United States and Canada.

Last June, AZZ bought the assets of US Galvanizing, a provider of steel corrosion coating services. That transaction included six galvanising facilities located in Hurst, Texas; Kennedale, Texas; Big Spring, Texas; San Antonio, Texas; Morgan City, Louisiana; and Kosciusko, Mississippi. Additionally, that deal included Texas Welded Wire, a secondary business integrated within U.S. Galvanizing’s Hurst, Texas facility.



Fastmarkets.com
mailto:press@fastmarkets.com
8 Bouverie Street, London, EC4Y 8AX, UK
+44 (0)845 241 9949