M&A Deal Summary

Worthington Enterprises Acquires Angus-Palm Industries

On January 4, 2012, Worthington Enterprises acquired machinery company Angus-Palm Industries

Acquisition Highlights
  • This is Worthington Enterprises’ 3rd transaction in the Machinery sector.
  • This is Worthington Enterprises’ 5th transaction in the United States.
  • This is Worthington Enterprises’ 2nd transaction in South Dakota.

M&A Deal Summary
Date 2012-01-04
Target Angus-Palm Industries
Sector Machinery
Buyer(s) Worthington Enterprises
Deal Type Add-on Acquisition

Target

Angus-Palm Industries

Watertown, South Dakota, United States
Angus-Palm Industries is a designer and manufacturer of operator cabs for mobile equipment.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 7 of 22
Sector (Machinery) 3 of 6
Type (Add-on Acquisition) 6 of 15
State (South Dakota) 2 of 2
Country (United States) 5 of 19
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-03 Angus Industries

Watertown, South Dakota, United States

Angus Industries, Inc. is one of the largest manufacturers of operator stations and rollover protective structures (e.g. cabs) for mobile equipment in the United States. The Company designs and manufactures cabs for the construction, agricultural, mining, forestry, and material handling equipment industries, among others. The Company is headquartered in Watertown, South Dakota, with additional manufacturing facilities in Greeneville, Tennessee, Northwood, Iowa and Florence, South Carolina.

Buy $180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-26 Worthington Steel Vonore Tennessee Plant

Tennessee, United States

Worthington Steel Vonore Tennessee Plant comprises a steel processing plant. It intends to process carbon steel, aluminum, and stainless steel products.

Sell -
Mergr

Product

Company

Legal