AZZ Inc. Completes Acquisition of Precoat Metals from Carlyle

On May 13, 2022, AZZ Inc. completed the acquisition of Precoat Metals from Sequa Corporation, a portfolio company of Carlyle, for a purchase price of $1.28 billion. The acquisition significantly advances AZZ's strategy of becoming predominantly a metal coatings company, more than doubling its coatings-related sales.

“On May 13, 2022, AZZ Inc. (“AZZ” or the “Company”) (NYSE: AZZ) completed the acquisition of Precoat Metals (“Precoat”) from Sequa Corporation, a portfolio company of Carlyle – Purchase price of $1.28 billion”

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