Chart Industries Acquires Worthington Industries' Cryogenic and Hydrogen Trailer Business
October 13, 2020
Chart Industries completed the acquisition of Worthington Industries' cryogenic trailer and hydrogen trailer transport assets, including the Theodore, Alabama manufacturing site, related IP, equipment and repair backlog. The facility (approximately 300,000 sq ft) and its employees will join Chart as the company expands its mobile cryogenics and hydrogen transport capabilities, with expected hydrogen-related revenue from the site of $15–20 million in 2021 (with upside).
- Buyers
- Chart Industries, Inc.
- Targets
- Worthington Industries' Cryogenic Trailer and Hydrogen Trailer Business (Theodore, AL assets)
- Sellers
- Worthington Industries, Inc.
- Industry
- Manufacturing
- Location
- Alabama, United States
- Transaction Type
- Divestiture
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