Worthington Enterprises Completes Acquisition of Hexagon Ragasco
03 6월 2024 - 7:09PM
Worthington Enterprises (NYSE: WOR), a designer and manufacturer of
market-leading brands that enable people to live safer, healthier
and more expressive lives, today announced the closing of its
planned acquisition of Hexagon Ragasco. The business is a global
leader in lightweight, customizable LPG composite cylinders used
for leisure, household and industrial applications.
Andy Rose, president and CEO, Worthington
Enterprises, said, “We are excited to welcome the Hexagon Ragasco
employees into Worthington Enterprises. We believe Hexagon Ragasco
complements our existing cylinder business and accelerates our
position in the global propane market. Their composite cylinders
are advancing the use of clean fuels as part of the global energy
transition especially in developing countries with limited
infrastructure.”
Worthington Enterprises, which is the former
Worthington Industries, was founded by John H. McConnell 69 years
ago today. Throughout the last seven decades, the Company has
maintained its first corporate goal of earning money for
shareholders and increasing the value of their investment.
Worthington Enterprises has issued a dividend to shareholders every
quarter since the Company went public in 1968.
“It is fitting that we completed this acquisition
on Worthington’s Founder’s Day,” Rose commented. “John H.
McConnell’s legacy lives on in our daily operations in many ways
but none more visible than the Philosophy he wrote that guides the
business. Treating people as they would like to be treated
continues as our Golden Rule in our interactions with employees,
customers, suppliers and our local communities. Our Philosophy will
lead the way as we integrate Hexagon Ragasco into our
Company.”
About Worthington Enterprises
Worthington Enterprises (NYSE: WOR) is a designer and manufacturer
of market-leading brands that help enable people to live safer,
healthier and more expressive lives. The Company operates with two
primary business segments—Building Products and Consumer
Products—with an emphasis on innovation, transformation and
leadership. The Building Products segment includes cooking,
heating, cooling and water solutions, architectural and acoustical
grid ceilings and metal framing and accessories. The Consumer
Products segment provides solutions for the tools, outdoor living
and celebrations categories. Product brands within the Worthington
Enterprises portfolio include Balloon Time®, Bernzomatic®,
Coleman®, CoMet®, Garden-Weasel®, General®, HALO™, Hawkeye™, Level5
Tools®, Mag Torch®, NEXI™, Pactool International®, PowerCore™,
Well-X-Trol® and XLite™, among others. The Company also serves the
growing global hydrogen ecosystem via a joint venture focused on
on-board fueling systems and gas containment solutions.
Headquartered in Columbus, Ohio, Worthington Enterprises employs
approximately 4,000 people throughout North America and Europe.
Founded in 1955 as Worthington Industries,
Worthington Enterprises follows a people-first Philosophy with
earning money for its shareholders as its first corporate goal.
Worthington Enterprises achieves this outcome by empowering its
employees to innovate, thrive and grow with leading brands in
attractive markets that improve everyday life. The Company engages
deeply with local communities where it has operations through
volunteer efforts and The Worthington Companies Foundation,
participates actively in workforce development programs and reports
annually on its corporate citizenship and sustainability efforts.
For more information, visit worthingtonenterprises.com.
Forward-Looking Statements
Statements by Worthington Enterprises that are not limited to
historical information constitute “forward-looking statements”
under federal securities laws. Forward-looking statements are
subject to various risks, uncertainties and other factors that may
cause actual results to differ materially from those expected by
Worthington Enterprises. Readers should evaluate forward-looking
statements in the context of such risks, uncertainties and other
factors, many of which are described in Worthington Enterprises’
filings with the Securities and Exchange Commission (“SEC”).
Forward-looking statements are qualified by the cautionary
statements included in Worthington Enterprises’ SEC filings and
other public communications. This press release speaks only as of
the date hereof. Worthington Enterprises does not undertake any
obligation to update or revise its forward-looking statements
except as required by applicable law or regulation.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/49ac8bfc-2931-4d08-963f-a15b815d18c4
Worthington Enterprises (NYSE:WOR)
과거 데이터 주식 차트
부터 8월(8) 2024 으로 9월(9) 2024
Worthington Enterprises (NYSE:WOR)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024