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Metals & Mining M&A image Metals & Mining M&A » By The Online Investor Staff, updated Sun., Jan. 29, 5:05 PM 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, 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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Company Name: 
Worthington Industries, Inc.
Stock buyback: 
WOR buyback
Website: 
www.worthingtonindustries.com
Sector: 
Non-Precious Metals & Non-Metallic Mining
Number of ETFs Holding WOR: 
66
Total Market Value Held by ETFs: 
$413.63M
Total Market Capitalization: 
$2.70B
% of Market Cap. Held by ETFs: 
15.31%
 

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