Market commentary May 2022 · North America Verified
AZZ CEO Comments on Strategic Rationale for Precoat Acquisition
AZZ CEO Tom Ferguson stated the Precoat acquisition significantly broadens their metal coatings offering and creates scale in prepainted and post-fabrication coatings markets. He noted the coil coating market provides sustainable future growth and aligns with AZZ's strategy of prioritizing North American coatings targets with strong strategic fit.
“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.”
Entities
AZZ Inc. · Acquirer Precoat Metals · Target
HVACOther Sentiment: Positive
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