Fort Worth Texas US headquartered AZZ Inc has completed its previously announced acquisition of the Precoat Metals business division of Sequa Corporation a portfolio company of global investment firm for a purchase price of approximately USD 1.28 billion. Founded in 1961 and headquartered in St Louis in Missouri, Precoat is the leading independent provider of metal coil coating solutions in North America. Precoat engages in the advanced application of protective and decorative coatings and related value-added services for steel and aluminum coil primarily serving the construction, appliance, HVAC, container, transportation and other end markets. Precoat has approximately 1.100 employees and operates a network of 13 strategically located manufacturing facilities with 15 coating lines and 17 value-added processing lines. For the twelve months ended 31 December 2021. Precoat generated sales of approximately USD 700 million and adjusted EBITDA of approximately USD 13 7 million.AZZ Inc is a global provider of galvanizing and a variety of metal coating solutions, welding solutions, specialty electrical equipment for a broad range of markets, including, but not limited to the power generation, transmission, distribution, refining and industrial markets. AZZ's Metal Coatings segment is a leading provider of metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing and plating, to the North American steel fabrication industry. AZZ's Infrastructure Solutions segment is dedicated to delivering safe and reliable transmission of power from generation sources to end customers, and automated weld overlay solutions for corrosion and erosion mitigation to critical infrastructure in the energy and waste management markets worldwide.