Worthington Enterprises Acquires Tempel Steel

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.