Digital Fuel Gauge, Locking Contour Gauge, Cordless Shearing Tool and Soil Thermometer Reflect Company’s Innovation Strategy
COLUMBUS, Ohio, November 4, 2021 -- Worthington Industries, Inc. [NYSE: WOR] today announced new tools and outdoor living products available at retail stores nationwide in time for the holiday season. The new products showcase Worthington’s growth strategy at work with innovation at the forefront. Each was developed from consumer insights, to add more value to the task at hand or eliminate a shared frustration, such as unexpectedly running out of fuel mid-job.
“Growing our Consumer Products business through innovation is a strategic focus for us. We’re using an intricate mix of research, testing and advanced analytics to develop and commercialize new products, and to better understand and serve both the users of our products and our retail customers who make them available,” said Worthington Industries President of Consumer Products Steve Caravati. “That’s why we’re excited to share these new additions to our lineup of outdoor living and tools products and to showcase the industry recognition some are receiving already.”
New retail offerings include:
About Worthington Industries
Worthington Industries (NYSE:WOR) is a leading industrial manufacturing company pursuing its vision to be the transformative partner to its customers, a positive force for its communities and earn exceptional returns for its shareholders. For over six decades, the Company has been delivering innovative solutions to customers spanning industries such as automotive, energy, retail and construction. Worthington is North America’s premier value-added steel processor and producer of laser welded solutions that provide lightweighting and safety critical components to the mobility market. Through on-board fueling systems and gas containment solutions, Worthington serves the growing global hydrogen ecosystem. The Company’s focus on innovation and manufacturing expertise extends to market-leading consumer products in tools, outdoor living and celebrations categories, sold under brand names, Coleman®, Bernzomatic®, Balloon Time®, Mag Torch®, Well-X-Trol®, General®, Garden-Weasel®, Pactool International® and Hawkeye™; as well as market leading building products, including water systems, heating & cooling solutions, architectural and acoustical grid ceilings and metal framing and accessories.
Headquartered in Columbus, Ohio, Worthington operates 53 facilities in 15 states and seven countries, sells into over 90 countries and employs approximately 8,000 people. Founded in 1955, the Company follows a people-first philosophy with earning money for its shareholders as its first corporate goal. Relentlessly finding new ways to drive progress and transform, Worthington is committed to providing better solutions for customers and bettering the communities where it operates by reducing waste, supporting community-based non-profits and developing the next generations of makers.
Safe Harbor Statement
The Company wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995 (the “Act"). Statements by the Company which are not historical information constitute "forward looking statements" within the meaning of the Act. All forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from those projected. Factors that could cause actual results to differ materially include risks, uncertainties and impacts described from time to time in the Company's filings with the Securities and Exchange Commission, including those related to COVID-19 and the various actions taken in connection therewith, which could also heighten other risks.