Add-on acquisition Jun 2025 Verified
Worthington Enterprises acquires Elgen Manufacturing, expanding into HVAC componentry
Worthington Enterprises acquired Elgen Manufacturing in June 2025. Elgen serves the commercial HVAC componentry space with metal products like elbows, fittings, and strut for ductwork. The acquisition is a natural extension of Worthington's building products segment and leverages its expertise in roll forming steel and stamping.
“So we just acquired a company that’s got in the HVAC componentry spaces that’s related to things that happen over that acoustical grid ceiling.”
Entities
Elgen Manufacturing · Target Worthington Enterprises, Inc. · Acquirer
HVAC Sentiment: Positive
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