WOR - Mergers and acquisitions

OSLO, Norway, July 14, 2025 /PRNewswire/ -- Reference is made to the stock exchange release dated May 29, 2024, where Hexagon Composites ASA ("Hexagon") announced the acquisition of a 49% stake in Sustainable Energy Solutions ("SES"), a subsidiary of Worthington Enterprises, in connection with the sale of Hexagon Ragasco. Today, Hexagon announces the full acquisition of the alternative fuels business of SES (hereinafter "SES Composites"), a transaction that will drive synergies and further strengthen Hexagon's European footprint. About SES SES is a leading European supplier of high-pressure cylinders and systems for the storage and distribution of compressed gases. Its alternative fuels bus

COLUMBUS, Ohio, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Worthington Enterprises, Inc. (NYSE:WOR), a designer and manufacturer of market-leading brands that help enable people to live safer, healthier and more expressive lives, today announced it is adding HALO™-branded pizza ovens, pellet grills, griddles and accessories to its portfolio of outdoor living products. As consumers increasingly seek new ways to elevate outdoor experiences, easy-to-prepare, high-quality food is a differentiator that can transform the experience, according to Steve Caravati, president, Consumer Products, Worthington Enterprises. "HALO's innovative pizza ovens, pellet grills and griddles are disrupting the outdoor cu

Marubeni-Itochu Steel Inc. "MISI" today announced that through its North American subsidiary, Marubeni-Itochu Steel America Inc. "MISA", it has completed its acquisition of Worthington Specialty Processing's remaining facility, located in Jackson, Michigan. The Jackson facility will be renamed MISA Specialty Processing, Inc. Worthington Specialty Processing is a 51%/49% joint venture between Worthington Industries and United States Steel Corporation, respectively. The acquisition is part of MISI's strategy to expand its steel processing capacity to service customers in the North American automotive industry. MISI is already a partner with Worthington Industries in the U.S. through the co

COLUMBUS, Ohio, June 02, 2022 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) today announced the acquisition of Level5® Tools, LLC, a leading provider of drywall tools, including automatic drywall taping and finishing tools, skimming blades, hand tools and accessories. The acquisition expands Worthington's consumer products brands and offerings in its tools category. Level5 serves drywall finishing professionals and DIYers through a network of distributors and retailers and leads the drywall tools market in online sales. "We're excited to welcome Level5 to the Worthington family and our growing portfolio of consumer brands. Together, with our current lineup of tool products t

COLUMBUS, Ohio, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) today announced that its Steel Processing segment has completed its acquisition of Tempel Steel Company, a leading global manufacturer of precision motor and transformer laminations for the electrical steel market that includes transformers, machine motors and electric vehicle (EV) motors. The purchase price was approximately $255 million and adds five manufacturing facilities located in Chicago, Canada, China, India and Mexico. "The addition of Tempel makes us a world leader in the rapidly growing electrical steel market that includes transformers, machine motors and electric vehicle motors," said P

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is excited to announce the acquisition of two automotive facilities from Benteler International ("Benteler") by its portfolio company Shiloh Industries ("Shiloh"). The acquisition is MiddleGround's first add-on investment to Shiloh, which MiddleGround took private last year. This transaction also marks MiddleGround's third investment in the automotive industry in the 13 months. Earlier this year, MiddleGround raised its Mobility Opportunity Fund, LP, a vehicle dedicated to investing behind disruptive trends tra

COLUMBUS, Ohio, June 08, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) today announced the acquisition of certain assets of Shiloh Industries’ U.S. BlankLight® business, a leading provider of laser welded solutions that deliver material savings, weight and cost reductions and increased fuel efficiency to the mobility market. The acquisition expands the capacity and capabilities of Worthington’s laser welded products joint venture, TWB Company, LLC, with the addition of three facilities and adds a blanking facility to its Steel Processing business. “The demand for tailor welded blanks and lightweighting technology is growing and the acquisition of these Shiloh assets al

COLUMBUS, Ohio, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE: WOR) today announced the acquisition of General Tools & Instruments Company LLC (General Tools), a provider of over 1,200 feature-rich, specialized tools with well-established brands and a nearly 100-year history. The acquisition broadens Worthington’s consumer products brands in niche tools and outdoor living. General Tools’ brands include General®, Garden-Weasel®, Pactool International® and Hawkeye™ and are focused in categories including environmental health & safety, precision measurement & layout, home repair & remodel, lawn & garden and specific purpose tools. “The acquisition of General Tools expa

COLUMBUS, Ohio, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Worthington Industries Inc. (NYSE: WOR) today announced the acquisition of PTEC Pressure Technology GmbH, a leading independent designer and manufacturer of valves and components for high-pressure hydrogen and compressed natural gas (CNG) storage, transport and onboard fueling systems, based in Germany. “Our purchase of PTEC adds to our investments in the growing sustainable mobility markets and expands our systems capabilities to provide more comprehensive solutions to our customers,” said Worthington Industries Pressure Cylinders President Eric Smolenski. “Bringing PTEC’s innovative products and proven track record with vehicle manufactu