Worthington Industries Mergers and Acquisitions Summary

Metals/mining Company

Worthington Industries has acquired 17 companies, including 5 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 3 assets.

Worthington Industries’ largest acquisition to date was in 2017, when it acquired Amtrol for $283M. Worthington Industries has acquired in 12 different US states, and 2 countries. The Company’s most targeted sectors include machinery (42%) and metals/mining (24%).

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 Activity20
    • M&A Buy Activity17
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 8
  • M&A Advisors 1

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 1912 and is based in Columbus, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.6/yr) # 14 1 1 - 1 - 17
vol $254M $283M $537M
Sell (0.4/yr) # 1 - - - 2 - 3
  20

Most Recent M&A

Company Date Value Type
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
Amtrol, Inc. 2017-06-02 283M USD Add-on Acquisition
West Warwick, Rhode Island · www.amtrol.com
NetBraze LLC 2016-01-18 - Add-on Acquisition
Mount Orab, Ohio · www.netbraze.com
Taylor-Wharton International LLC - CryoScience 2015-11-23 - Divestiture
Minnetonka, Minnesota
Trilogy Engineered Solutions LLC - CNG Fuel Solutions Assets 2015-10-09 - Divestiture
Stow, Ohio
Rome Strip Steel Co., Inc. 2015-01-16 - Add-on Acquisition
Rome, New York · www.romestripsteel.com
Dhybrid Systems, LLC 2014-10-20 - Stake Purchase
Salt Lake City, Utah · www.dhybridsystems.com
Midstream Equipment Fabrication LLC 2014-08-01 40M USD Add-on Acquisition
Skiatook,, Oklahoma · www.midstreamfab.com
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
Worthington Steel Of Michigan, Inc ( The Worthington Steel Co.)    - Samuel Steel Pickling Co. 2010-02-01 1
Taylor, Michigan Twinsburg, Ohio · www.samuelsteelpickling.com

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 7 (41%) 180M (34%) - -
Metals/Mining 4 (24%) 34M (6%) 1 (33%) -
Manufacturing 3 (18%) 283M (53%) 2 (67%) -
Automotive 2 (12%) - - -
Energy Services and Equipment 1 (6%) 40M (7%) - -
Total 17 $537M 3 -

By Geo

State/Country Buy Value Sell Value
United States 16 537M 3 -
  Ohio 4 - 1 -
  South Dakota 2 180M 1 -
  Virginia 1 - - -
  Utah 1 - - -
  Rhode Island 1 283M - -
  Oklahoma 1 40M - -
  North Dakota 1 - - -
  New York 1 - - -
  Minnesota 1 - - -
  Massachusetts 1 - - -
  Kansas 1 - - -
  California 1 34M - -
  Tennessee - - 1 -
Poland 1 - - -
Domestic 16 (94%) 537M (100%) 3 (100%) -
Cross-border 1 (6%) - - -
Total 17 $537M 3 -

Top M&A Advisors

Financial Deals
C.W. Downer & Co.
1

Deal Values

buy # Total
$100M to $1B 2 $463M
< $100M 2 $74M
TOTAL $537M
Largest Amtrol, Inc.
$283M (2017-06-02)

M&A Connections

Deals %
Acquired from
PE Firm(s)
40%
2 40%
Strategic(s)
60%
3 60%
Divested to
PE Firm(s)
33%
1 33%
Strategic(s)
67%
2 67%

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