M&A Deal Summary

Westport Acquires Stako

On May 28, 2021, Westport acquired manufacturer Stako from Worthington Industries for 5M EUR

Acquisition Highlights
  • This is Westport’s 1st transaction in the Manufacturing sector.
  • This is Westport’s 6th largest (disclosed) transaction.
  • This is Westport’s 1st transaction in Poland.

M&A Deal Summary
Date 2021-05-28
Target Stako
Sector Manufacturing
Buyer(s) Westport
Sellers(s) Worthington Industries
Deal Type Divestiture
Deal Value 5M EUR

Target

Stako

Slupsk, Poland
website
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.

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Buyer(S) 1

Buyer

Westport

Vancouver, British Columbia, Canada

website

Category Company
Founded 1995
Sector Automotive
Employees1,313
Revenue 306M USD (2022)
DESCRIPTION

Westport is a provider of advanced natural gas engines and vehicles. Westport Innovations develops technologies to allow commercial fleet engines to use clean-burning fuels, such as liquefied and compressed natural gas, hydrogen, and hydrogen-enriched compressed natural gas. Westport was founded in 1995 and is based in Vancouver, Canada.

DEAL STATS #
Overall 9 of 9
Sector (Manufacturing) 1 of 1
Type (Divestiture) 4 of 4
Country (Poland) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 Westport Fuel Systems - Select IMPCO Road and Rail Transport Product Lines

Vancouver, British Columbia, Canada

Westport Fuel Systems, Inc. - Select IMPCO Road and Rail Transport Product Lines provides a superior line of APUs and battery comfort systems for trucks and APUs for locomotives.

Sell -

Seller(S) 1

SELLER

Worthington Industries

Columbus, Ohio, United States

website

Category Company
Founded 1955
Sector Metals/Mining
Employees8,000
Revenue 5.2B USD (2022)
DESCRIPTION
Entrance to Worthington Industries' corporate headquarters in Columbus, Ohio.
Entrance to Worthington Industries' corporate headquarters in Columbus, Ohio.

Worthington Industries 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 Industries was founded 1955 and is based in Columbus, Ohio.

DEAL STATS #
Overall 6 of 6
Sector (Manufacturing) 3 of 3
Type (Divestiture) 6 of 6
Country (Poland) 1 of 1
Year (2021) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Worthington Industries - Oil & Gas Equipment Business

Bremen, Ohio, United States

Worthington Industries's Oil & Gas Equipment Business is a provider of Oil & Gas Equipment. The divestiture includes the related operating assets located in Bremen, Ohio, and Tulsa, Okla. Worthington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 Shiloh Industries - U.S. BlankLight Business

Valley City, Ohio, United States

Shiloh Industries' U.S. BlankLight Business provides laser-welded solutions that deliver material savings, weight and cost reductions, and increased fuel efficiency to the mobility market.

Buy $105M
Mergr

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