M&A Deal Summary

Worthington Cylinder Acquires Piper Metal Forming

On June 1, 2009, Worthington Cylinder acquired manufacturer Piper Metal Forming

Acquisition Highlights
  • This is Worthington Cylinder’s 1st transaction in the Manufacturing sector.
  • This is Worthington Cylinder’s 2nd transaction in the United States.
  • This is Worthington Cylinder’s 1st transaction in Mississippi.

M&A Deal Summary
Date 2009-06-01
Target Piper Metal Forming
Sector Manufacturing
Buyer(s) Worthington Cylinder
Deal Type Add-on Acquisition

Target

Piper Metal Forming

New Albany, Mississippi, United States
Piper Metal Forming Corp.is a manufacturer of aluminum high pressure cylinders, and impact extruded steel and aluminum parts, serving the medical, automotive, defense, oil services and other commercial markets.

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Buyer(S) 1

Buyer

Worthington Cylinder

Columbus, Ohio, United States
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 2 of 5
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Mississippi) 1 of 1
Country (United States) 2 of 5
Year (2009) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-01 Pacific Cylinders

St. Louis, Missouri, United States

Pacific Cylinders, Inc. distributes industrial cylinders and valves.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-04 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.

Buy -
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