M&A Deal Summary

Worthington Enterprises Acquires Amtrol

On June 2, 2017, Worthington Enterprises acquired manufacturer Amtrol for 283M USD

Acquisition Highlights
  • This is Worthington Enterprises’ 3rd transaction in the Manufacturing sector.
  • This is Worthington Enterprises’ largest (disclosed) transaction.
  • This is Worthington Enterprises’ 15th transaction in the United States.
  • This is Worthington Enterprises’ 1st transaction in Rhode Island.

M&A Deal Summary
Date 2017-06-02
Target Amtrol
Sector Manufacturing
Buyer(s) Worthington Enterprises
Deal Type Add-on Acquisition
Deal Value 283M USD

Target

Amtrol

West Warwick, Rhode Island, United States
Amtrol, Inc. is a manufacturer and producer of thermal expansion cylinders and potable hot water system tanks for commercial and residential purposes. Amtrol, Inc. was founded in 1946 and is based in West Warwick, Rhode Island.

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Buyer(S) 1

Buyer

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 17 of 22
Sector (Manufacturing) 3 of 8
Type (Add-on Acquisition) 12 of 15
State (Rhode Island) 1 of 1
Country (United States) 15 of 19
Year (2017) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-18 NetBraze

Mount Orab, Ohio, United States

NetBraze LLC is a manufacturer of brazing alloys, silver brazing filler metals, solders and fluxes primarily used in plumbing, HVAC-R, industrial gas and OEM markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 Worthington Industries - Soldering Business

Columbus, Ohio, United States

Worthington Industries, Inc. - Soldering Business is a manufacturer of solders and fluxes.

Sell -
Mergr

Product

Company

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