M&A Deal Summary

Worthington Enterprises Acquires Taylor-Wharton International - CryoScience

On November 23, 2015, Worthington Enterprises acquired manufacturer Taylor-Wharton International - CryoScience from Taylor-Wharton International

Acquisition Highlights
  • This is Worthington Enterprises’ 2nd transaction in the Manufacturing sector.
  • This is Worthington Enterprises’ 13th transaction in the United States.
  • This is Worthington Enterprises’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2015-11-23
Target Taylor-Wharton International - CryoScience
Sector Manufacturing
Buyer(s) Worthington Enterprises
Sellers(s) Taylor-Wharton International
Deal Type Divestiture

Target

Taylor-Wharton International - CryoScience

Minnetonka, Minnesota, United States
The CryoScience product line includes cryogenic biologic specimen storage, dewars/shippers, controls and data management solutions for global biomedical research and development, healthcare, bio-banking, pharmaceutical, biotechnology and animal husbandry markets. The business also distributes products through warehouses located in Germany and Australia.

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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 15 of 22
Sector (Manufacturing) 2 of 8
Type (Divestiture) 3 of 5
State (Minnesota) 1 of 1
Country (United States) 13 of 19
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-09 Trilogy Engineered Solutions - CNG Fuel Solutions Assets

Stow, Ohio, United States

Trilogy Engineered Solutions LLC - CNG Fuel Solutions Assets is a provider of automotive products and accessories.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Taylor-Wharton International

Minnetonka, Minnesota, United States
Category Company
Founded 1742
Sector Manufacturing
DESCRIPTION

Taylor-Wharton International designs and manufacturers a comprehensive range of stationary bulk and portable cryogenic storage systems for gas and liquid applications.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 2 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-04 Structural Composites Industries

Pomona, California, United States

Structural Composites Industries is a manufacturer of DOT-approved lightweight, aluminum-lined, composite-wrapped high pressure cylinders used in commercial, military, marine and aerospace applications. Structural Composites Industries was founded in 1971 and is based in Pomona, California.

Sell -
Mergr

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