Worthington Cylinder - M&A Summary and Business Overview

MachineryCompany

Worthington Cylinder M&A Summary

Worthington Cylinder has acquired 5 companies. It has also divested 1 asset.

Worthington Cylinder’s largest acquisition to date was in 2012, when it acquired Westerman for $70M. It’s largest disclosed sale occurred in 2021, when it sold Structural Composites Industries to Luxfer Group for $20M. Worthington Cylinder has acquired in 4 different US states. The Company’s most targeted sectors include machinery (40%) and energy services and equipment (20%).

Worthington Cylinder Business Overview

Where is Worthington Cylinder headquartered?

Worthington Cylinder is headquartered in Columbus, Ohio.

What sector is Worthington Cylinder in?

Worthington Cylinder is a machinery company.

When was Worthington Cylinder founded?

Worthington Cylinder was founded in 1971.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

Worthington Cylinder Corp.

200 Old Wilson Bridge Road P.O. Box 391,
Columbus, Ohio 43085
United States,
(614)438-3013
www.worthingtoncylinders.com

Worthington Cylinder Corp. manufacturer of pressure cylinders, delivering products and value-added services to its customers designed to exceed their expectations in quality, service and value. Worthington Cylinders offers the most complete line of pressure cylinders in the industry, including storage of liquefied petroleum, refrigerant, oxygen and industrial gases.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 5 - - - - - 5
vol $70M $70M
Sell (0.2/yr) # - - 1 - - - 1
vol $20M $20M
  6

Most Recent M&A

Company Date Value Type
Structural Composites Industries LLC 2021-03-15 20M USD Divestiture
Pomona, California
Westerman, Inc. 2012-09-17 70M USD Add-on Acquisition
Bremen, Ohio · www.westermancompanies.com
BernzOmatic Corp. 2011-07-05 - Divestiture
Columbus, Ohio · www.bernzomatic.com
Structural Composites Industries LLC 2009-09-04 - Divestiture
Pomona, California
Piper Metal Forming Corp. 2009-06-01 - Add-on Acquisition
New Albany, Mississippi
Pacific Cylinders, Inc. 2009-06-01 - Add-on Acquisition
St. Louis, Missouri
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 2 (40%) - 1 (100%) 20M (100%)
Energy Services and Equipment 1 (20%) 70M (100%) - -
Manufacturing 1 (20%) - - -
Medical Products 1 (20%) - - -
Total 5 $70M 1 $20M

By Geo

State/Country Buy Value Sell Value
United States 5 70M 1 20M
  Ohio 2 70M - -
  California 1 - 1 20M
  Missouri 1 - - -
  Mississippi 1 - - -
Total 5 $70M 1 $20M

Deal Values

buy # Total
< $100M 1 $70M
TOTAL $70M
Largest Westerman, Inc.
$70M (2012-09-17)
sell # Total
< $100M 1 $20M
TOTAL $20M
Largest Structural Composites Industries LLC
$20M (2021-03-15)

M&A Connections

Deals
Acquired from
Strategic(s)
40%
2 (40%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Machinery

Established

1971

Subsidiary of

Worthington Steel Of Michigan, Inc ( The Worthington Steel Co.)

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