M&A Deal Summary

Westport Acquires Stako

On May 28, 2021, Westport acquired manufacturer Stako from Worthington Enterprises for 5M EUR

Acquisition Highlights
  • This is Westport’s 1st transaction in the Manufacturing sector.
  • This is Westport’s 6th largest (disclosed) transaction.
  • This is Westport’s 1st transaction in Poland.

M&A Deal Summary
Date 2021-05-28
Target Stako
Sector Manufacturing
Buyer(s) Westport
Sellers(s) Worthington Enterprises
Deal Type Divestiture
Deal Value 5M EUR

Target

Stako

Slupsk, Poland
Stako is a producer of automotive liquefied propane gas (LPG) tanks. Stako manufactures toroidal and cylindrical LPG tanks for storage of liquid gas propane-butane mixture for engines in passenger cars and commercial and delivery vehicles. Stako was founded in 1967 and is based in Slupsk, Poland.

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Buyer(S) 1

Buyer

Westport

Vancouver, British Columbia, Canada
Category Company
Founded 1995
Sector Automotive
Employees1,715
Revenue 332M USD (2023)
DESCRIPTION

Westport is a provider of advanced natural gas engines and vehicles. Westport Innovations develops technologies to allow commercial fleet engines to use clean-burning fuels, such as liquefied and compressed natural gas, hydrogen, and hydrogen-enriched compressed natural gas. Westport was founded in 1995 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 9 of 9
Sector (Manufacturing) 1 of 1
Type (Divestiture) 4 of 4
Country (Poland) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 Westport Fuel Systems - Select IMPCO Road and Rail Transport Product Lines

Vancouver, British Columbia, Canada

Westport Fuel Systems, Inc. - Select IMPCO Road and Rail Transport Product Lines provides a superior line of APUs and battery comfort systems for trucks and APUs for locomotives.

Sell -

Seller(S) 1

SELLER

Worthington Enterprises

Columbus, Ohio, United States
Category Company
Founded 1955
Sector Metals/Mining
Employees4,000
Revenue 4.9B USD (2023)
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 6 of 6
Sector (Manufacturing) 3 of 3
Type (Divestiture) 6 of 6
Country (Poland) 1 of 1
Year (2021) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Worthington Industries - Oil & Gas Equipment Business

Bremen, Ohio, United States

Worthington Industries's Oil & Gas Equipment Business is a provider of Oil & Gas Equipment. The divestiture includes the related operating assets located in Bremen, Ohio, and Tulsa, Okla. Worthington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 Shiloh Industries - U.S. BlankLight Business

Valley City, Ohio, United States

Shiloh Industries' U.S. BlankLight Business provides laser-welded solutions that deliver material savings, weight and cost reductions, and increased fuel efficiency to the mobility market.

Buy $105M
Mergr

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