Full Description

AZZ incorporated (AZZ) is an electrical equipment and components manufacturer, serving the global markets of power generation, transmission and distribution, and the general industrial markets. The Company is also a provider of hot dip galvanizing services to the steel fabrication market nationwide. AZZ offers products through two business segments: the Electrical and Industrial Products Segment, and the Galvanizing Services Segment. The Electrical and Industrial Products Segment produces engineered specialty electrical products, industrial lighting and tubular products, all of which the Company markets and sells both domestic and international markets. The Galvanizing Services Segment provides hot dip galvanizing to the steel fabrication industry through facilities located throughout the South, Midwest and Southwest United States. During the fiscal year ended February 28, 2009 (fiscal 2009), approximately 55% of the Company’s revenues were generated from the Electrical and Industrial Products Segment and approximately 45% were generated from the Galvanizing Services Segment. The Company acquired AAA Industries, Inc. on April 1, 2008. It acquired Blenkhorn and Sawle, Ltd. on July 1, 2008.

Electrical and Industrial Products Segment

The Company’s electrical products are designed, manufactured and configured to distribute electrical power to and from generators, transformers, switching devices and other electrical configurations, and are supplied to the power generation, transmission and distribution markets and also to the general industrial market. Its industrial products include industrial lighting and tubular products used for petro-chemical and industrial applications. AZZ provides lighting products to the petroleum and food processing industries, and to industries with lighting challenges. It also provides tubular products to the petroleum industry. AZZ sells products through manufacturers’ representatives, distributors, agents and its internal sales force.

Galvanizing Services Segment

As of February 28, 2009, the Company operated 20 galvanizing plants, which are located in Texas, Louisiana, Alabama, Mississippi, Arkansas, Arizona, Indiana Ohio, Oklahoma and Minnesota. The Company typically serves fabricators or manufacturers, who provide services to the electrical and telecommunications, bridge and highway, petrochemical and general industrial markets and original equipment manufacturers (OEMs).