Azz Inc. is certainly on a roll. In February 2013, the company acquired Aquilex Specialty Repair and Overhaul for approximately $250 million – and the analysts and investors love it! Its stocks were considered as the Bull of the Day in the Zacks Rank, which means that investors consider the shares as an excellent investment. Such a step up the ranks bodes well for the company, indeed.
By the way, the Aquilex acquisition is considered as the first step toward strengthening its market share in the global industries of power generation, transmission and distribution via its product lines in electrical equipment and components.
At present, Azz Inc. has two distinct segments, namely:
- Electrical and Industrial Products segment manufactures precision specialty industrial lighting, tubular and electrical products.
- Galvanizing Services Segment manufactures hot dip galvanizing products sold to the steel fabrication industry in North America.
To say that Azz Inc. wants to provide its global customers with the A to Z of their needs and wants in their respective industries is an apt statement.