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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

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.