2 days ago
Stark County-based Canton Galvanizing acquired by Texas company
CANTON TWP. − Canton Galvanizing, a private hot-dip galvanizing company founded in 2019, will be acquired by AZZ Inc., a publicly traded company based in Fort Worth, Texas.
AZZ Inc., which trades on the New York Stock Exchange under "AZZ," announced on July 1 that it had entered an agreement to acquire all assets of the company located at 1821 Moore Ave. SE in Canton Township.
Terms of the deal were not disclosed.
A message to a company representative was not immediately returned on July 1.
The Canton Township facility is equipped with a 21-foot kettle and specializes in coating small to mid-sized parts, including gratings and ladders, for customers in the Midwest.
It will operate under the name AZZ Galvanizing - Canton East LLC and expand AZZ's galvanizing network to 42 locations in North America.
"We are pleased to add Canton's galvanizing operations and expand our geographical coverage in the Midwest region of the United States," Bryan L. Stovall, president and CEO of Metal Coatings for AZZ, said in a prepared statement.
"This strategic acquisition increases our metal coating capacity and further strengthens our network of metal coatings facilities. We welcome Canton's employees and customers to AZZ and look forward to a seamless integration with uninterrupted industry-leading customer service."
Reach Kelly at 330-580-8323 or
This article originally appeared on The Repository: Canton Galvanizing to be acquired by Texas-based AZZ Inc.
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