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An affiliate of Veritas Capital entered into a definitive agreement to acquire Sequa Corporation, parent company of Chromalloy, from funds managed by Carlyle. Financial terms were not disclosed.
AZZ Inc. completed its acquisition of Precoat Metals, a metal coil coating solutions provider, from Sequa Corporation. Precoat has 13 manufacturing facilities and approximately 1,100 employees.
AZZ Inc. announced its intention to acquire Precoat Metals, a metal coatings company. The acquisition was announced on March 7, 2022.