Public Company Manufacturing

Worthington Industries

Worthington, Ohio, United States

Formerly known as Worthington Enterprises, Worthington Enterprises Inc., Worthington Enterprises, Inc.

Worthington Industries is a public company that completed the separation of its Steel Processing business, resulting in two distinct companies: Worthington Enterprises and Worthington Steel.

Focus Areas
Steel processing, Building products, Consumer brands and outdoor living products

Tracked deals

5

5 tracked deals across 2021-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

4 buyout · 1 divestiture

Worthington Industries Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Worthington Industries. 2 2021 1 2024 1 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Worthington Enterprises Inc.
    Target
    LSI Group
    Type
    Buyout

    BellMark Partners advised LSI Group in its acquisition by Worthington Enterprises Inc. LSI, a manufacturer of standing seam metal roof clips, roof accessories, and retrofit systems, is headquartered in Logansport, Indiana and employs 141 people.

  • Buyer
    Worthington Enterprises (NYSE: WOR)
    Target
    Elgen Manufacturing Company
    Seller
    MFG Partners, Merit Capital
    Type
    Buyout

    Worthington Enterprises (NYSE: WOR) has acquired Elgen Manufacturing Company, a Closter, New Jersey-based maker of HVAC ductwork components, from private equity owner MFG Partners. The acquisition expands Worthington Enterprises’ building systems and components portfolio and is intended to accelerate Elgen’s ability to serve customers and support growth initiatives launched under MFG’s ownership.

  • Buyer
    Worthington Enterprises, Inc.
    Target
    HALO Products Group
    Type
    Buyout

    Worthington Enterprises has acquired an 80% ownership stake in an affiliate of HALO Products Group, adding HALO-branded pizza ovens, pellet grills, griddles and accessories to its consumer/outdoor-living portfolio. HALO is based in Elizabethtown, Kentucky, employs about 25 people and generated approximately $7 million in revenue in 2023; the deal is intended to expand Worthington's presence in the outdoor living segment and leverage its ecommerce, marketing and retail relationships to grow the HALO brand.

  • Buyer
    Worthington Industries, Inc.
    Target
    Tempel Steel Company
    Industry
    Manufacturing
    Type
    Buyout

    Worthington Industries has acquired Tempel Steel Company for approximately $255 million, adding Tempel's headquarters in Chicago and five manufacturing facilities in Canada, China, India and Mexico. The acquisition, funded primarily with existing cash, brings about 1,500 employees and expands Worthington's capabilities in electrical steel laminations for transformers, motors and EV applications.

  • Buyer
    Worthington Industries, Inc.
    Target
    GTI Holding Company (General Tools & Instruments)
    Seller
    High Road Capital Partners
    Industry
    Manufacturing

    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.

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