# Shawcor to acquire ZCL Composites for $308 million

Shawcor Ltd. announced it will acquire all shares of ZCL Composites Inc. for $10.00 per share, representing an aggregate equity value of approximately $308 million. The acquisition is expected to close early in the second quarter of 2019.

- Type: Acquisition
- Announced: 2019-01-20
- Where: Edmonton, Canada
- Value: $308.0M
- Status: announced
- Products: fibreglass reinforced plastic underground storage tanks
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Shawcor](https://endata.com/companies/2878.md) (acquirer)
- [ZCL Composites Inc.](https://endata.com/companies/36781.md) (target)

## Sources

- [einpresswire.com](https://www.einpresswire.com/article/474203992/shawcor-to-acquire-zcl-composites), 2019-01-21: "The acquisition of ZCL is compelling for Shawcor as it allows us to leverage our material science expertise to broaden our composite product and service offering."
- [newswire.ca](https://www.newswire.ca/news-releases/zcl-composites-to-be-acquired-by-shawcor-ltd--819404983.html), 2019-01-21: "We are pleased to announce this transaction and believe Shawcor will be excellent stewards of the ZCL business moving forward."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.