M&A Deal Summary

Luxfer Group Acquires Structural Composites Industries

On March 15, 2021, Luxfer Group acquired machinery company Structural Composites Industries from Worthington Cylinder for 20M USD

Acquisition Highlights
  • This is Luxfer Group’s 1st transaction in the Machinery sector.
  • This is Luxfer Group’s largest (disclosed) transaction.
  • This is Luxfer Group’s 1st transaction in the United States.
  • This is Luxfer Group’s 1st transaction in California.

M&A Deal Summary
Date 2021-03-15
Target Structural Composites Industries
Sector Machinery
Buyer(s) Luxfer Group
Sellers(s) Worthington Cylinder
Deal Type Divestiture
Deal Value 20M USD

Target

Structural Composites Industries

Pomona, California, United States
Structural Composites Industries is a manufacturer of DOT-approved lightweight, aluminum-lined, composite-wrapped high pressure cylinders used in commercial, military, marine and aerospace applications. Structural Composites Industries was founded in 1971 and is based in Pomona, California.

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Buyer(S) 1

Buyer

Luxfer Group

Salford, United Kingdom

website

Category Company
Founded 1996
Sector Manufacturing
DESCRIPTION

Luxfer (Formerly British Aluminium) is a manufacturer of light metals, producing advanced alloys of magnesium and aluminium; components in aluminium, magnesium and carbon composites; and chemically-derived compounds of zirconium.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Worthington Cylinder

Columbus, Ohio, United States

website

Category Company
Founded 1971
Sector Machinery
DESCRIPTION

Worthington Cylinder Corp. manufacturer of pressure cylinders, delivering products and value-added services to its customers designed to exceed their expectations in quality, service and value. Worthington Cylinders offers the most complete line of pressure cylinders in the industry, including storage of liquefied petroleum, refrigerant, oxygen and industrial gases.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-17 Westerman

Bremen, Ohio, United States

Westerman, Inc. is a manufacturer of highly technical products for global energy markets, including oil and gas and nuclear, where its energy products are used for a broad variety of exploration, recovery and production purposes.

Buy $70M
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