M&A Deal Summary

Samuel Son & Co. and Worthington Enterprises Acquire Samuel Steel Pickling

On January 1, 2010, Samuel Son & Co. and Worthington Enterprises acquired metals/mining company Samuel Steel Pickling

Acquisition Highlights
  • This is Samuel Son & Co.’s 1st and Worthington Enterprises’ 3rd transaction in the Metals/Mining sector.
  • This is Samuel Son & Co.’s 1st and Worthington Enterprises’ 1st transaction in Canada.
  • This is Samuel Son & Co.’s 1st and Worthington Enterprises’ 1st transaction in Ontario.

M&A Deal Summary

Date 2010-01-01
Target Samuel Steel Pickling
Sector Metals/Mining
Buyer(s) Samuel Son & Co.
Worthington Enterprises
Deal Type Joint Venture

Target

Samuel Steel Pickling

Oakville, Ontario, Canada
Samuel Steel Pickling supports the automotive, fabrication, and appliance markets, offering a wide range of pickling services. Samuel Steel Pickling line operations offer pickling, in-line slitting, side trimming, and in-line roller leveling while our stand-alone slitter offers narrower slit product and packaging capabilities.

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Buyer(S) 2

Buyer

Samuel Son & Co.

Mississauga,, Ontario, Canada

Category Company
Founded 1855
Sector Metals/Mining
DESCRIPTION

Samuel, Son & Co., Ltd. is a processor and distributor of carbon steel, stainless steel, and aluminum in North America.


DEAL STATS #
Overall 1 of 7
Sector: Metals/Mining M&A 1 of 5
Type: Joint Venture M&A Deals 1 of 1
State: Ontario M&A 1 of 2
Country: Canada M&A 1 of 3
Year: 2010 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-07 Doral Steel

Toledo, Ohio, United States

Doral Steel, Inc. (“Doral” or the “Company”) is a processor and distributor of hot rolled, cold rolled and coated steel products with multiple service center locations throughout North America.

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Buyer

Worthington Enterprises

Columbus, Ohio, United States

Category Company
Founded 1955
Sector Metals/Mining
Employees6,000
Revenue 1.2B USD (2024)
DESCRIPTION
Entrance to Worthington Industries' corporate headquarters in Columbus, Ohio.
Entrance to Worthington Industries' corporate headquarters in Columbus, Ohio.

Worthington Enterprises is a diversified metal processing company. Worthington is a value-added steel processor and a leader in manufactured metal products such as metal framing, pressure cylinders, automotive past model service stampings, metal ceiling grid systems, and laser-welded blanks. Worthington Enterprises was founded in 1955 and is based in Columbus, Ohio.


DEAL STATS #
Overall 3 of 23
Sector: Metals/Mining M&A 3 of 5
Type: Joint Venture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2010 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-02 The Sharon Companies

Akron, Ohio, United States

The Sharon Companies Ltd. designs and manufactures steel egress stair systems for commercial construction and services the steel fabricators market.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-21 Hy-Mark Cylinders

Hampton, Virginia, United States

Hy-Mark Cylinders, Inc. is a manufacturer of extruded aluminum cylinders for medical oxygen, scuba, beverage service, industrial, specialty and professional racing applications.

Buy -