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AZZ to acquire Blenkhorn and Sawle Limited
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Monday, 30 Jun 2008
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AZZ Incorporated, a manufacturer of electrical products and a provider of galvanizing services, announced the signing of an asset purchase agreement with Blenkhorn and Sawle Limited, a privately held company headquartered at St Catharines in Ontario of Canada to acquire substantially all of its assets. The acquisition is effective July 1st 2008.

The purchase price is approximately USD 14 million in cash plus assumption of certain current liabilities. Blenkhorn and Sawle has been a premier supplier of electrical equipment since 1948. As a custom turn key solutions provider and certified professional engineering house they have supplied products to the major utility companies, oil and gas, mining, industrial as well as nuclear power industries.

The acquisition will compliment AZZ's current product offering and expand served markets. This acquisition should provide additional potential for continued growth and expansion of the Electrical and Industrial Products Segment of AZZ incorporated.

Mr David H Dingus president & CEO of AZZ incorporated said that "This acquisition is an excellent fit with our existing products and significantly strengthens our marketing and customer service opportunities in Canada, a strategic growth area targeted by the Company. We have been looking for opportunities to expand our participation in the Canadian utility market, as well as Canadian oil and gas, oil sands, mining and industrial markets.”

AZZ incorporated is a specialty electrical equipment manufacturer serving the global markets of power generation, transmission and distribution and industrial, as well as, a leading provider of hot dip galvanizing services to the steel fabrication market nationwide.

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