AZZ said Avail Infrastructure Solutions is selling its electrical enclosures, switchgear and bus systems businesses to nVent Electric for $975 million, but it will continue to own a 40% interest in Avail.

NVent Electric (NVT) agreed to acquire the electrical products business of a company partly owned by metal and coil coatings company AZZ (AZZ) for $975 million in anticipation of increased demand for electrical operations.

AZZ Inc. (AZZ) announced that Avail Infrastructure Solutions has entered into a definitive agreement to sell the electrical enclosures,