Worthington Industries has acquired certain assets of Shiloh Industries’ US BlankLight® business, a laser welded solutions provider, for approximately $105m.
Confirming the acquisition on Tuesday (8th June), Worthington said the purchase will expand its capacity and capabilities of its laser welded product joint venture, TWB Company.
As a result of transaction, Worthington will gain approximately 200 employees and four facilities located in Bowling Green, Kentucky, Canton, Michigan and two in Valley City, Ohio.
TWB will operate the laser welded blank facilities in Ohio and Michigan. The Kentucky facility will operate under Worthington’s Steel Processing business.
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