Metals & Mining M&A » By The Online Investor Staff, updated Thu., Mar. 28, 9:31 AM
Recent mergers and acquisitions in the Metals & Mining M&A category.
Slide #73. Worthington Industries, Inc. — Stake in ARITAS
Acquirer: |
Worthington Industries, Inc. (NYSE:WOR) |
Acquiree: |
Stake in ARITAS |
Details: |
Worthington Industries, Inc. (NYSE: WOR) announced that its Pressure Cylinders segment has signed an agreement to acquire a 75% stake in ARITAS, one of Europe's leading LNG (liquefied natural gas) and cryogenic technology companies offering a broad portfolio of LNG products, cryogenic vessels, systems and services. Located in Istanbul, Turkey, ARITAS employs nearly 300 people and generated sales of approximately $40 million for its fiscal year ending Dec. 31, 2013. The transaction is awaiting Turkish government approval, which is expected to be completed later this month. |
Worthington Industries is an industrial manufacturing company. Co.'s manufactured metal products include: pressure cylinders for liquefied petroleum gas, compressed natural gas, hydrogen, oxygen, refrigerant and other industrial gas storage; water well tanks for commercial and residential uses; hand torches and filled hand torch cylinders; propane-filled camping cylinders; helium-filled balloon kits; hand tools and instruments; and drywall tools and related accessories; and, through its joint ventures, complete ceiling grid solutions; laser welded blanks; light gauge steel framing for commercial and residential construction; engineered cabs, operator stations and cab components.
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March 28, 2024 9:31 AM Eastern
Sell (1.33 out of 4)
0th percentile
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