Worthington Industries Mergers and Acquisitions Summary

Metals/miningCompany

Worthington Industries has acquired 22 companies, including 8 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 6 assets.

Worthington Industries’ largest acquisition to date was in 2017, when it acquired Amtrol for $283M. It’s largest disclosed sale occurred in 2021, when it sold Stako Sp. z o.o. to Westport Fuel Systems for $6M. Worthington Industries has acquired in 14 different US states, and 3 countries. The Company’s most targeted sectors include manufacturing (39%) and machinery (29%).

Join Mergr and gain access to Worthington Industries’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the metals/mining sector.

M&A Summary

  • M&A Total Activity27
    • M&A Buy Activity21
    • M&A Sell Activity6
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 14
  • M&A Advisors 1

Worthington Industries

Worthington Industries, Inc.

200 Old Wilson Bridge Road,
Columbus, Ohio 43085
United States,
(614) 438-3210
www.worthingtonindustries.com

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.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.2/yr) # 15 1 - 1 - 4 21
vol $254M $283M $475M $1.0B
Sell (1.0/yr) # 1 - - 2 1 2 6
vol $6M $6M
  27

Most Recent M&A

Company Date Value Type
Tempel Steel Co. 2021-11-01 255M USD Add-on Acquisition
Chicago, Illinois · www.tempel.com
Shiloh Industries - U.S. BlankLight Business 2021-06-08 105M USD Divestiture
Valley City, Ohio
Stako Sp. z o.o. 2021-05-28 6M EUR Divestiture
Slupsk, Poland · www.stako.pl
General Tools & Instruments LLC 2021-02-01 115M USD Add-on Acquisition
Secaucus, New Jersey · www.generaltools.com
Worthington Industries, Inc. - Oil & Gas Equipment Business 2021-02-01 - Divestiture
Bremen, Ohio
PTEC Pressure Technology GmbH 2021-01-07 - Add-on Acquisition
Burscheid, Germany · www.ptec.eu
Worthington Industries, Inc. - Life Sciences Business 2020-11-02 - Divestiture
Theodore, Alabama
Worthington Industries Engineered Cabs, Inc. 2019-11-05 - Divestiture
Watertown, South Dakota
Heidtman Steel Products, Inc. - Pickling and Slitting Facility 2019-10-07 - Divestiture
Cleveland, Ohio
Worthington Industries, Inc. - Soldering Business 2019-01-02 - Divestiture
Columbus, Ohio
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Worthington Steel Of Michigan, Inc ( The Worthington Steel Co.)    - Gibraltar Strip Steel 2010-02-01 2
Taylor, Michigan , United States

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 8 (38%) 758M (75%) 3 (50%) 6M (100%)
Machinery 6 (29%) 180M (18%) - -
Metals/Mining 4 (19%) 34M (3%) 1 (17%) -
Automotive 2 (10%) - - -
Energy Services and Equipment 1 (5%) 40M (4%) - -
Life Science - - 1 (17%) -
Oil/Gas Exploration - - 1 (17%) -
Total 21 $1.0B 6 $6M

By Geo

State/Country Buy Value Sell Value
United States 19 1.0B 5 -
  Ohio 5 105M 2 -
  South Dakota 2 180M 1 -
  Virginia 1 - - -
  Utah 1 - - -
  Rhode Island 1 283M - -
  Oklahoma 1 40M - -
  North Dakota 1 - - -
  New York 1 - - -
  New Jersey 1 115M - -
  Minnesota 1 - - -
  Massachusetts 1 - - -
  Kansas 1 - - -
  Illinois 1 255M - -
  California 1 34M - -
  Tennessee - - 1 -
  Alabama - - 1 -
Poland 1 - 1 6M
Germany 1 - - -
Domestic 19 (90%) 1.0B (100%) 5 (83%) -
Cross-border 2 (10%) - 1 (17%) 6M (100%)
Total 21 $1.0B 6 $6M

Top M&A Advisors

Financial Deals
C.W. Downer & Co.
1

Deal Values

buy # Total
$100M to $1B 5 $938M
< $100M 2 $74M
TOTAL $1.0B
Largest Amtrol, Inc.
$283M (2017-06-02)
sell # Total
< $100M 1 $6M
TOTAL $6M
Largest Stako Sp. z o.o.
$6M (2021-05-28)

M&A Connections

Deals
Acquired from
Investor(s)
14%
3 (14%)
Strategic(s)
19%
4 (19%)
Divested to
Investor(s)
33%
2 (33%)
Strategic(s)
67%
4 (67%)

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