Worthington Industries Acquires GTI Holding Company (General Tools & Instruments) from High Road Capital Partners
February 3, 2021
Worthington Industries, Inc. acquired GTI Holding Company, the parent of General Tools & Instruments, LLC, from High Road Capital Partners for $115 million. The sale, which closed on January 29, 2021, adds General Tools' hand-held and garden tool brands (including General, PacTool, Garden Weasel and Hawkeye) to Worthington's consumer products portfolio; High Road completed the investment in 2014 and substantially grew the business during its ownership.
- Buyers
- Worthington Industries, Inc.
- Targets
- GTI Holding Company (General Tools & Instruments)
- Sellers
- High Road Capital Partners
- Industry
- Manufacturing
- Location
- New Jersey, United States
- Transaction Type
- Divestiture
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