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Worthington Enterprises acquires Elgen Manufacturing for $93M

Jun 19, 2025•28 days ago

Acquiring Company

Worthington Enterprises

Acquired Company

Elgen Manufacturing

ColumbusClosterEnergyManufacturingBuilding Material

Description

Worthington Enterprises has announced its acquisition of Elgen Manufacturing for approximately $93 million. This acquisition enables Worthington to enhance its Building Products segment with Elgen's industry-leading HVAC solutions. The deal is expected to create synergies and growth opportunities for both companies. Elgen's leadership team will remain in place, continuing their commitment to customer service.

Company Information

Company

Worthington Enterprises

Location

Columbus, Ohio, United States

About

Worthington Enterprises is a designer and manufacturer of market-leading brands that enable people to live safer, healthier, and more expressive lives. It is a globally recognized company listed on the NYSE under the ticker symbol WOR. The company is committed to extending its global position in cylinder manufacturing and strengthening its position to capitalize on the storage, transport, and distribution of gases supporting the global clean energy transition.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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