AZZ Inc. AZZ recently announced that it has completed the acquisition of assets of Acme Galvanizing, Inc. However, the financial terms of the transaction were kept under wraps.AZZ’s shares declined 1.7% yesterday to eventually close the trading session at $46.65.Based in Milwaukee, WI, Acme Galvanizing is a privately-held company, engaged in providing metal coating services to the post-fabrication steel market. Notably, the company has been operating for more than a century.Acquisition RationaleThe latest buyout is in sync with AZZ’s focus on acquiring businesses for expanding its market share and customer base. The inclusion of Acme Galvanizing’s four fully automated zinc plating lines and a fully enclosed galvanizing kettle will enable AZZ to boost its metal coating services in the Midwest. With the addition of the new metal coatings plant in Milwaukee, AZZ will also increase its network of hot-dip galvanizing plants to forty sites in North America.It’s worth mentioning that the buyout is anticipated to be accretive to AZZ’s earnings within the initial year of its operation.Other Inorganic MovesAnother notable acquisition made by AZZ is Preferred Industries (September 2019). The buyout has enhanced the company’s offerings and expanded its network of surface technology plants. Also, the company’s buyout of NuZinc’s assets (August 2019) helped it in strengthening its capability and capacity in electroplating solutions.Zacks Rank and Price PerformanceAZZ, with approximately $1.2 billion market capitalization, currently carries a Zacks Rank #3 (Hold). Going forward, the company is set to benefit from its well-diversified business structure and large customer base in various industries. However, it has been experiencing coronavirus-induced challenges in various parts of its businesses.In the past three months, the company’s share price has increased 31% compared with the industry’s growth of 19.2%.Stocks to ConsiderSome better-ranked stocks from the same space are II-VI Incorporated IIVI, Rexnord Corporation RXN and SPX FLOW, Inc. FLOW. While II-VI currently sports a Zacks Rank #1 (Strong Buy), Rexnord and SPX FLOW carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.II-VI delivered a trailing four-quarter earnings surprise of 79.34%, on average.Rexnord pulled off a trailing four-quarter earnings surprise of 20.62%, on average.SPX FLOW delivered a trailing four-quarter earnings surprise of 146.55%, on average.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AZZ Inc. (AZZ): Free Stock Analysis Report IIVI Incorporated (IIVI): Free Stock Analysis Report SPX FLOW, Inc. (FLOW): Free Stock Analysis Report Rexnord Corporation (RXN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research