# Worthington Enterprises to acquire Hexagon Ragasco for about $98 million

Worthington Enterprises signed an agreement to acquire 100 percent of Hexagon Ragasco, a maker of composite LPG cylinders in Raufoss, Norway, for approximately $98 million, with closing expected around June 3, 2024.

- Type: Acquisition
- Announced: 2024-05-29
- Where: Raufoss, Norway
- Value: $98.0M
- Status: announced
- Products: lightweight composite LPG cylinders

## Companies

- [Worthington Industries](https://endata.com/companies/3706.md) (acquirer)
- [Worthington Industries](https://endata.com/companies/3706.md) (partner)
- [Hexagon Composites](https://endata.com/companies/4148.md) (partner)
- [Hexagon Ragasco](https://endata.com/companies/7939.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2024/05/29/2890050/0/en/worthington-enterprises-announces-planned-acquisition-of-hexagon-ragasco-and-sustainable-energy-solutions-joint-venture-with-hexagon-composites.html), 2024-05-29: "One agreement is to acquire 100 percent of Hexagon Ragasco and a second agreement is to sell 49 percent of Worthington's Sustainability Energy Solutions (SES) business segment to Hexagon Composites forming a joint venture with the company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.