Worthington Industries acquires Tempel Steel for $255 million

Worthington Industries has acquired global lamination manufacturer Tempel Steel for $255 million. Tempel operates five manufacturing sites and had revenues of $377 million in its most recent fiscal year.

“The addition of Tempel makes us a world leader in the rapidly growing electrical steel market that includes transformers, machine motors and electric vehicle motors.”magneticsmag.com

• 1 source
• magneticsmag.comWorthington Industries Buys Tempel Steel for $255 Million - Magnetics MagazineEditorial StaffMar 9, 2022

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