For fiscal year 2022, ended February 28, 2022, the AZZ Infrastructure Solutions Segment generated sales of approximately US$375 million.
4 Mins
June 26, 2022 | 9:45 PM BST
Fort Worth-based AZZ Inc. (NYSE: AZZ), and Fernweh Group LLC have jointly announced they have entered into a definitive agreement whereby AZZ will contribute its AZZ Infrastructure Solutions Segment (AIS) to AIS Investment Holdings LLC (the "AIS JV"), and sell a 60% interest in the AIS JV to Fernweh at an implied enterprise value of AIS of US$300 million.
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