Coil Coaters
Precoat Purchases Steelscape Fairfield, AL Coil Coating Assets
Written by John Packard
October 31, 2013
Precoat Metals is purchasing the coil coating assets of the Steelscape Fairfield, AL facility. There are no immediate plans to reopen the plant as the company already has a facility located a few miles away in Hueytown, AL.
The Steelscape facility consisted of a single paint line which was reported (by sources outside of Precoat) to have 6,000-7,000 tons per month capacity.
Sequa, the parent company of Precoat, provided Steel Market Update with the following statement:
Precoat Metals, a division of Sequa Corporation, has entered into an agreement with Steelscape, LLC to purchase the assets related to their Fairfield, AL facility. This agreement follows Steelscape’s decision to divest of the business. The asset purchase in no way impacts the Precoat Metals facility in Hueytown, AL which has been in operation since 2007 and currently employs 61 salaried and hourly personnel.
John Packard
Read more from John PackardLatest in Coil Coaters
AZZ back on the hunt for M&A in the galv space
AZZ Inc., relatively unfazed by volatility in zinc pricing, is optimistic about demand prospects and M&A opportunities, especially in the galvanizing sector.
AZZ Q2 earnings soar on better demand for hot-dip galv
AZZ Inc. posted sharply higher second-quarter profits driven by increased sales of and better demand for its products. The Fort Worth, Texas-based hot-dipped galvanized and coil coater reported net income of $35.4 million in the second quarter of 2024, up 43.3% from $24.7 million in the same quarter last year. It posted Q2'24 sales of $409 million, up 2.6% from $398.5 million in Q2'23.
AZZ reports solid quarter on improving demand
AZZ Inc. said it is seeing improving demand for its coil coating services as it reported a solid quarterly performance.
AZZ – Precoat Metals taps new president
AZZ – Precoat Metals has announced the promotion of Jeff Vellines to president of the company.
AZZ Inc. Swings to Profit in Fiscal Q2 on Infrastructure Spending
Azz Inc. swung to a profit in its fiscal second quarter of 2024 as its metal coatings business was lifted by infrastructure spending.