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Add-on acquisition Closed Jun 2009

Worthington Industries acquires assets of Piper Metal Forming, U.S. Respiratory, and Pacific Cylinders

Relationship map

Relationship map for Worthington Industries acquires assets of Piper Metal Forming, U.S. Respiratory, and Pacific Cylindersparent ofWorthington Industries Inc.: PlatformWorthington Industrie…Piper Metal Forming Corp.: Operating CompanyPMPiper Metal Forming C…
Operating CompanyPlatform

Parties
Acquirer
Worthington Industries Inc.
Platform
Target
Piper Metal Forming Corp.
Operating Company

Market signals

Summary

Worthington Industries purchased the assets of Piper Metal Forming Corp., U.S. Respiratory Inc., and Pacific Cylinders Inc. (~$30M combined revenue) to extend its Pressure Cylinders business segment, which makes refrigerant and industrial gas cylinders. Strategic, not PE-sponsored.