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Slide #62. Worthington Industries, Inc. — 75 percent stake in Aritas Basincli Kaplar Sanayi A.S.
Worthington Industries, Inc. (NYSE:WOR)
75 percent stake in Aritas Basincli Kaplar Sanayi A.S.
Worthington Industries, Inc. (NYSE: WOR) announced today that its Pressure Cylinders segment has completed its acquisition of a 75 percent stake in Aritas Basincli Kaplar Sanayi A.S. (ARITAS), one of Europe's leading LNG (liquefied natural gas) and cryogenic technology companies. The remaining 25 percent stake was retained by the prior owners. Purchase price was approximately $36.6 million.
Worthington Industries is an industrial manufacturing company, focused on steel processing and manufactured metal products. Co.'s manufactured metal products include: pressure cylinders for liquefied petroleum gas (LPG), 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, ceiling grid solutions; laser welded blanks; and light gauge steel framing for commercial and residential construction.
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Hold (2.00 out of 4)