Delivering Growth
Mergers and Acquisitions
Seeking New Growth Opportunities
We continue to look for opportunities to grow our business and are actively seeking new mergers and acquisitions opportunities.
Since 2009, Worthington has deployed approximately $1.1 billion on over 20 acquisitions.
Recent Acquisitions
2022
Level5® Tools
Leading provider of drywall tools, offering complete lineup for finishing professionals and DIYers
2021
Blanklight®
Tailor welded blanks and lightweighting technology
2021
General Tools
Feature-rich, specialized tools
2021
Tempel Steel
Precision engineered electrical steel lamination components
2021
PTEC
Valves and components for high-pressure hydrogen and compressed natural gas
2019
Magna Industries
Hand held torches and accessories
New Platform Criteria
- Exposure to attractive mega trends/macro growth drivers
- Highly-engineered or technology-enabled products and services in diverse markets
- EBITDA Margins > 10%
- Demonstrable competitive advantage
- Headquartered in North America
- Enterprise value between $50 million and $500 million
Strategic Add-ons
- Steel Processing: High value-added steel processing, laser welded solutions and electrical steel laminations.
- Consumer Products: Market leading brands sold primarily through big-box retailers focused on tools, outdoor living and celebrations.
- Building Solutions: Commercial and residential building products primarily sold through distributors.
- Sustainable Energy Solutions: Turnkey solutions in the growing Hydrogen ecosystem and adjacent sustainable energies like compressed natural gas.
Mergers and Acquisitions Approach and Process
- Assess opportunities quickly but thoughtfully
- Strong balance sheet and profitability provide ample liquidity for new acquisitions