# Worthington Industries to spin off steel processing business

Worthington Industries announced a plan to separate its Steel Processing business into a new standalone public company, expected to be completed by early 2024.

- Type: Acquisition
- Announced: 2022-09-29
- Where: United States
- Status: announced
- Products: steel processing
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Worthington Industries](https://endata.com/companies/3706.md)

## Sources

- [ir.worthingtonenterprises.com](https://ir.worthingtonenterprises.com/news/news-details/2022/Worthington-Industries-Announces-Plan-to-Separate-Steel-Processing-Business-Unlocking-Value-by-Creating-New-Standalone-Public-Company/default.aspx), 2022-09-29: "The planned separation will result in two independent, publicly traded companies, each poised to capitalize on differentiated growth and value creation strategies."

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