Announced
Completed
Financials
Tags
Completed
Friendly
Acquisition
United States
Iron and Steel
Private
Majority
Single Bidder
steel distributor
Synopsis
Worthington Industries, an industrial manufacturing company, completed the acquisition of a majority stake in Samuel Steel Pickling Company, a joint venture Worthington has had with Samuel Son & Co since 2010. Samuel Steel Pickling Group is a designer of pickling technology. Financial terms were not disclosed. "Adding the Heidtman Cleveland facility will enhance the joint venture’s pickling capabilities in this area. Leveraging the strengths and capabilities of these facilities will allow us to better serve our customers in this market," John McConnell, Worthington Industries Chairman & CEO.
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