AZZ Inc., a provider of metal coating services for building critical infrastructure, has purchased the Precoat Metals business division of Sequa Corporation, a portfolio company of Carlyle, for $1.28 billion.
Precoat provides metal coil coating services to the construction, HVAC and transportation end markets.
Kurt Russell, president of Precoat, commented, “As the Precoat business shifts from being a non-core asset to one that is a paramount strategic priority within AZZ, Precoat will have the resources needed to continue our core growth strategies in support of our customers and, in return, accelerate sales growth and earnings for AZZ.”