M&A Deal Summary

Worthington Industries Acquires Amtrol

On June 2, 2017, Worthington Industries acquired manufacturer Amtrol for 283M USD

Acquisition Highlights
  • This is Worthington Industries’ 3rd transaction in the Manufacturing sector.
  • This is Worthington Industries’ largest (disclosed) transaction.
  • This is Worthington Industries’ 15th transaction in the United States.
  • This is Worthington Industries’ 1st transaction in Rhode Island.

M&A Deal Summary
Date 2017-06-02
Target Amtrol
Sector Manufacturing
Buyer(s) Worthington Industries
Deal Type Add-on Acquisition
Deal Value 283M USD

Target

Amtrol

West Warwick, Rhode Island, United States
website
Amtrol, Inc. is a manufacturer and producer of thermal expansion cylinders and potable hot water system tanks for commercial and residential purposes. Amtrol, Inc. was founded in 1946 and is based in West Warwick, Rhode Island.

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Buyer(S) 1

Buyer

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 17 of 22
Sector (Manufacturing) 3 of 8
Type (Add-on Acquisition) 12 of 15
State (Rhode Island) 1 of 1
Country (United States) 15 of 19
Year (2017) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 Worthington Industries - Soldering Business

Columbus, Ohio, United States

Worthington Industries, Inc. - Soldering Business is a manufacturer of solders and fluxes.

Sell -
Mergr

Product

Company

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