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AZZ Signs Agreement to Acquire North American Galvanizing & Coatings



By Tim Wright



Published April 6, 2010
AZZ incorporated, Fort Worth, TX, a manufacturer of electrical products and a provider of galvanizing services, has entered into a merger agreement with North American Galvanizing & Coatings, Inc., Tulsa, OK, to acquire NGA through a cash tender offer, followed by a merger with a subsidiary of AZZ, for a price of $7.50 per share in cash. The transaction is valued at approximately $125.6 million. AZZ and NGA anticipate the transaction can close by the end of AZZ's second fiscal quarter.


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