The Harris Products Group acquired soldering business from Worthington Industries, Inc. (NYSE: WOR) for approximately $26.5 million.
January 01, 2019
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The Harris Products Group acquired soldering business from Worthington Industries, Inc. (NYSE: WOR) for approximately $26.5 million on December 31, 2018. As per the terms, the transaction included operating assets and real property related to the solder business of Worthington. In a related transaction, Lincoln Electric Holdings, Inc. (NasdaqGS:LECO) entered into an agreement to acquire certain brazing assets from Worthington Industries, Inc. Further, the annual revenue generated by the assets being acquired through both transactions is approximately $25 million.
The Harris Products Group completed the acquisition of soldering business from Worthington Industries, Inc. (NYSE: WOR) on December 31, 2018.
Worthington Enterprises Inc. is a designer and manufacturer of brands that enable people to live safer, healthier and more expressive lives. The Company operates through two primary business segments: building products and consumer products. 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 global hydrogen ecosystem via a joint venture focused on on-board fueling systems and gas containment solutions. The Company also operates in lightweight, customizable LPG composite cylinders.
WORTHINGTON ENTERPRISES, INC. 
