M&A Deal Summary |
|
|---|---|
| Date | 2021-06-08 |
| Target | Shiloh Industries - U.S. BlankLight Business |
| Sector | Manufacturing |
| Buyer(s) | Worthington Enterprises |
| Sellers(s) | Shiloh |
| Deal Type | Divestiture |
| Deal Value | 105M USD |
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| Category | Company |
|---|---|
| Founded | 1955 |
| Sector | Metals/Mining |
| Employees | 4,000 |
| Revenue | 4.9B USD (2023) |
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 | 21 of 22 |
| Sector (Manufacturing) | 7 of 8 |
| Type (Divestiture) | 5 of 5 |
| State (Ohio) | 5 of 5 |
| Country (United States) | 18 of 19 |
| Year (2021) | 3 of 4 |
| Size (of disclosed) | 5 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-28 |
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. |
Sell | €5M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-01 |
Tempel Steel
Chicago, Illinois, United States Tempel Steel is a manufacturer of precision motor and transformer laminations for the electrical steel market. The company's proprietary manufacturing techniques provide customers with highly engineered, precision-stamped, electrical steel laminations used for the core of electric motors, transformers and generators. With hybrids and EVs expected to continue growing at double-digit rates worldwide, Tempel will significantly enhance Worthington’s existing automotive offerings, including its lightweighting technology and laser welded solutions that deliver weight and cost reductions and increased fuel efficiency to the mobility market. It also serves the important electricity infrastructure and distribution markets, which are expected to see significant investment and growth to support the transition to electric motors across multiple industries. Formed in 1945, Tempel is a global business and manufactures in five facilities located in Chicago, Canada, China, India and Mexico. |
Buy | $255M |
| Category | Company |
|---|---|
| Founded | 1950 |
| Sector | Manufacturing |
| Employees | 4,000 |
| Revenue | 1.1B USD (2018) |
Shiloh designs and manufactures lightweight products within body structure, chassis and propulsion systems. Shiloh’s multicomponent, multi-material solutions are comprised of a variety of alloys in aluminum, magnesium and steel grades, along with its proprietary line of noise and vibration reducing ShilohCore® acoustic laminate products. Shiloh Industries was founded in 1950 and is based in Valley City, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Manufacturing) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (Ohio) | 2 of 2 |
| Country (United States) | 2 of 2 |
| Year (2021) | 2 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-13 |
Shiloh Industries - CastLight Business
Valley City, Ohio, United States Shiloh Industries' CastLight Business provides lightweighting technologies. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-05 |
Benteler International - Two Automotive Facilities
Salzburg, Austria The Benteler facilities, located in Kalamazoo, Michigan, and Goshen, Indiana, provide complimentary hot forming and welding capabilities. |
Buy | - |
