M&A Deal Summary

Worthington Enterprises Acquires Precision Specialty Metals

On August 16, 2006, Worthington Enterprises acquired metals/mining company Precision Specialty Metals for 34M USD

Acquisition Highlights
  • This is Worthington Enterprises’ 1st transaction in the Metals/Mining sector.
  • This is Worthington Enterprises’ 7th largest (disclosed) transaction.
  • This is Worthington Enterprises’ 1st transaction in the United States.
  • This is Worthington Enterprises’ 1st transaction in California.

M&A Deal Summary
Date 2006-08-16
Target Precision Specialty Metals
Sector Metals/Mining
Buyer(s) Worthington Enterprises
Deal Type Add-on Acquisition
Deal Value 34M USD

Target

Precision Specialty Metals

Los Angeles, California, United States
Precision Specialty Metals, Inc. (PSM) is a processor of stainless steel located in Los Angeles, California.

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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 1 of 22
Sector (Metals/Mining) 1 of 5
Type (Add-on Acquisition) 1 of 15
State (California) 1 of 1
Country (United States) 1 of 19
Year (2006) 1 of 1
Size (of disclosed) 7 of 7
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-02 The Sharon Companies

Akron, Ohio, United States

The Sharon Companies Ltd. designs and manufactures steel egress stair systems for commercial construction and services the steel fabricators market.

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