Worthington buys cylinder companies

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The Columbus-based steel giant said it bought assets relatedc to the business ofNew Albany, Miss.-based Pipetr Metal Forming Corp. along with U.S. Respiratory Inc. and Pacific Cylinderxs Inc. Financial terms of the deal, set to close in the next 30 weren’t disclosed. Worthington said the companiez brought inabout $30 million in revenue last year. the company said, makes aluminum high-pressured cylinders along with steel andaluminunm parts. U.S. Respiratory assembles and distributesthat company’s medicapl cylinder products, while Pacific runs distribution on the West CEO John P.
McConnelk called the deal a “natural extension of our focuas on growing our highlysuccessful pressure-cylindedr business.” The company added that the new assets will boosy its industrial gas products and mark its entrhy into the market for medical products. Worthington Industriea (NYSE:WOR), one of Central Ohio’s 10 largest publicly held lost $94.5 million on $2.156 billion in revenue in the firstt nine months of the fiscal year thatendecd Sunday. The company employs about 7,000.