AZZ Inc. announced it has acquired 100% of the equity in Seattle Galvanizing Company Inc., a multi-site, privately held provider of hot-dip and spin galvanizing solutions headquartered in Arlington, Washington. Terms of the transaction were not disclosed. AZZ expects the acquisition to be accretive to earnings within the first year of operation.
AZZ will operate the newly acquired locations under the name AZZ Galvanizing – Seattle LLC. The business will be integrated into AZZ Metal Coatings’ existing network of hot-dip galvanizing and spin plants, increasing its total galvanizing network to 43 sites in North America.
The acquisition establishes AZZ’s first direct presence in the Pacific Northwest, giving it a platform to serve customers across Washington, Oregon, Idaho, Western Montana, and Alaska from two Seattle-area locations. The hot-dip galvanizing location features a 45-foot kettle, the largest in the Pacific Northwest, enabling AZZ to process larger and more complex steel structures. A recently completed 38,000-square-foot spin galvanizing location was purpose-built to coat small to medium-sized metal components.
Seattle Galvanizing was founded in 1962 and has the capacity to process more than 50,000 tons of steel annually. Chinook Capital Advisors represented Seattle Galvanizing throughout the transaction. AZZ Inc., founded in 1956, is the leading independent provider of hot-dip galvanizing and coil coating solutions to a broad range of end-markets in North America.
KEY QUOTES:
We are proud of the rich history of Seattle Galvanizing as the Northwest’s largest galvanizer and its service to our loyal customers and amazing employees. We are excited to partner with AZZ to continue this legacy for decades to come.
Hadi Mirzai, President of Seattle Galvanizing
We are pleased to welcome Seattle Galvanizing’s employees and customers to AZZ. This acquisition is strategically important because it establishes AZZ’s first direct presence in the Pacific Northwest, an attractive region supported by favorable infrastructure, industrial and construction demand. Seattle Galvanizing has built a strong reputation for quality, service and technical capability, and we look forward to building upon that foundation while continuing to deliver uninterrupted, industry-leading service to their customers.
Todd Bella, President of AZZ Metal Coatings
