Tempel Steel - Ownership and Business Overview

ManufacturingCompany

Tempel Steel Ownership

Who owns Tempel Steel?

Tempel Steel is owned by Worthington Enterprises. It was acquired on November 1, 2021.

Tempel Steel Business Overview

Where is Tempel Steel headquartered?

Tempel Steel is headquartered in Chicago, Illinois.

What sector is Tempel Steel in?

Tempel Steel is a manufacturing company.

When was Tempel Steel founded?

Tempel Steel was founded in 1945.

Manufacturing M&A Summary in 2021

Out of 60 sectors in the Mergr database, manufacturing ranked 9 in number of deals in 2021. The largest manufacturing acquisition in 2021 was SPX FLOW - which was acquired by Lone Star Funds for $3.8B.

Join Mergr to view all 370 acquisitions of manufacturing companies in 2021, including 93 acquisitions by private equity firms, and 277 by strategics.

Tempel Steel

Tempel Steel Co.

5500 North Wolcott Avenue,
Chicago, Illinois 60640
United States,
(773) 250-8000
www.tempel.com

Tempel Steel is a manufacturer of precision motor and transformer laminations for the electrical steel market. The company's proprietary manufacturing techniques provide customers with highly engineered, precision-stamped, electrical steel laminations used for the core of electric motors, transformers and generators. With hybrids and EVs expected to continue growing at double-digit rates worldwide, Tempel will significantly enhance Worthington’s existing automotive offerings, including its lightweighting technology and laser welded solutions that deliver weight and cost reductions and increased fuel efficiency to the mobility market. It also serves the important electricity infrastructure and distribution markets, which are expected to see significant investment and growth to support the transition to electric motors across multiple industries. Formed in 1945, Tempel is a global business and manufactures in five facilities located in Chicago, Canada, China, India and Mexico.


Company Summary

SECTOR

Manufacturing

Revenue

377   2020
(millions of USD)

Established

1945

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