M&A Deal Summary

Worthington Enterprises Acquires Hy-Mark Cylinders

On June 21, 2010, Worthington Enterprises acquired machinery company Hy-Mark Cylinders

Acquisition Highlights
  • This is Worthington Enterprises’ 1st transaction in the Machinery sector.
  • This is Worthington Enterprises’ 3rd transaction in the United States.
  • This is Worthington Enterprises’ 1st transaction in Virginia.

M&A Deal Summary
Date 2010-06-21
Target Hy-Mark Cylinders
Sector Machinery
Buyer(s) Worthington Enterprises
Deal Type Add-on Acquisition

Target

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.

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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 4 of 22
Sector (Machinery) 1 of 6
Type (Add-on Acquisition) 3 of 15
State (Virginia) 1 of 1
Country (United States) 3 of 19
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-30 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.

Buy -
Mergr

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