Wednesday, July 02, 2014 11:19:43 AM
Yahoo Finance
Search FinanceSearch Web
Steven AvatarSteven
1
Follow Yahoo Finance
Wed, Jul 2, 2014, 11:08AM EDT - US Markets close in 4 hrs and 52 mins
Following ?
% | $
WYNMF 0.00%
AAPL +0.10%
SHOO -0.03%
YHOO +0.76%
WTT +0.00%
More ? Pop Out
Finance Home
My Portfolio
Market Data
Yahoo Originals
Business & Finance
Personal Finance
CNBC
Compare Brokers
AZZ incorporated Completes the Acquisition of a Minnesota Galvanizing Facility
Acquisition strengthens market leadership position; Increases to 36 the number of galvanizing facilities in North America
PR Newswire AZZ incorporated
June 30, 2014 4:50 PM
FORT WORTH, Texas, June 30, 2014 /PRNewswire/ -- AZZ incorporated (AZZ), a global provider of electrical products and highly engineered services and a provider of galvanizing services in North America, today announced that it has successfully completed a transaction to acquire substantially all of the assets of Zalk Steel & Supply Co., a Minneapolis, Minnesota-based galvanizing company that has served its customers in the upper Midwest of the United States since 1955. The acquisition of Zalk Steel & Supply, a small-kettle niche provider of galvanizing services, brings to 36 the number of galvanizing plants in the Galvanizing Services Segment of AZZ, and further enhances AZZ's position as the market leader in the North American galvanizing industry.
Tom Ferguson, president and chief executive officer of AZZ incorporated, said "We are extremely pleased to make this strategic acquisition that allows us to expand our network of galvanizers and broadens our service capabilities in the Midwestern U.S. with yet another successful operating plant. Operated with pride and integrity since its founding in 1955, Zalk Steel & Supply has a rich heritage of providing a superior level of service and support to their customers. That pride and integrity is consistent with the philosophy and methodology that AZZ employs in our current operations and we look forward to building on this proud tradition of customer service and quality. We anticipate that the acquisition of Zalk will be accretive within the first year of operation."
AZZ incorporated is a global provider of specialty electrical equipment and highly engineered services to the power generation, transmission, distribution, and industrial markets as well as a leading provider of hot dip galvanizing services to the North American steel fabrication market.
Certain statements herein about our expectations of future events or results constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as, "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. Such forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain, and investors must recognize that actual results may differ from those expressed or implied in the forward-looking statements. This release may contain forward-looking statements that involve risks and uncertainties including, but not limited to, changes in customer demand and response to products and services offered by AZZ, including demand by the power generation markets, electrical transmission and distribution markets, the industrial markets, and the hot dip galvanizing markets; prices and raw material cost, including zinc and natural gas which are used in the hot dip galvanizing process; changes in the economic conditions of the various markets that AZZ serves, foreign and domestic, customer request delays of shipments, acquisition opportunities, currency exchange rates, adequacy of financing, and availability of experienced management employees to implement AZZ's growth strategy. 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, 2014 and other filings with the SEC, available for viewing on AZZ's website at www.azz.com and on the SEC's website at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. These statements are based on information as of the date hereof and AZZ assumes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
Paul Fehlman, Senior Vice President – Finance and CFO
AZZ incorporated 817-810-0095
Internet: www.azz.com
Lytham Partners 602-889-9700
Joe Dorame, Joe Diaz or Robert Blum
Internet: www.lythampartners.com
Recent AZZ News
- AZZ Inc. to Review Second Quarter Fiscal Year 2025 Financial Results on Thursday, October 10, 2024 • PR Newswire (US) • 09/23/2024 10:30:00 AM
- AZZ Inc. to Participate in the Sidoti Small Cap and Noble Capital Markets' Basic Industries Equity Conferences in September 2024 • PR Newswire (US) • 09/10/2024 08:15:00 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 08/29/2024 03:40:54 PM
- AZZ Inc. to Participate in the Seaport Research Conference and Granite Research Conference in August 2024 • PR Newswire (US) • 08/13/2024 08:15:00 PM
- Form SC 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 08/12/2024 01:40:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/26/2024 08:31:27 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/22/2024 09:09:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 06:41:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/19/2024 04:03:57 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/18/2024 08:18:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/16/2024 09:42:46 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/15/2024 09:32:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/12/2024 06:02:19 PM
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 07/11/2024 08:59:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2024 06:02:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2024 06:02:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2024 06:01:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2024 06:01:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2024 06:01:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2024 06:01:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2024 06:01:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2024 06:01:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2024 06:00:50 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM