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New Deal


Announced

Completed

Worthington Industries completed the acquisition of a majority stake in Samuel Steel Pickling Company.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned50%
Capital Bid For13%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Friendly

Acquisition

United States

Iron and Steel

Private

Majority

Single Bidder

steel distributor

Synopsis

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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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