AZZ Inc. Completes Acquisition of Precoat Metals from Sequa Corporation

AZZ Inc. completed its previously announced acquisition of Precoat Metals from Sequa Corporation, a Carlyle portfolio company, for approximately $1.28 billion. Precoat is a leading independent provider of metal coil coating solutions serving the HVAC, construction, appliance, and other end markets. The deal broadens AZZ's metal coatings offering and is expected to be accretive within the first year.

“AZZ Inc. (“AZZ” or the “Company”) (NYSE: AZZ), a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure, today announced that it has completed its previously announced acquisition of the Precoat Metals business division (“Precoat”) of Sequa Corporation (“Sequa”), a portfolio company of global investment firm Carlyle (NASDAQ: CG), for a purchase price of approximately $1.28 billion.”

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