# Worthington Enterprises to acquire Hexagon Ragasco for $98M

Worthington Enterprises signed an agreement to acquire 100% of Hexagon Ragasco, a Norwegian manufacturer of LPG composite cylinders, for approximately $98 million. The acquisition is expected to close on June 3, 2024.

- Type: Acquisition
- Announced: 2024-05-29
- Where: Raufoss, Norway, Norway
- Value: $98.0M
- Jobs: 130
- Status: announced
- Products: LPG composite cylinders
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hexagon Ragasco](https://endata.com/companies/7939.md) (target)
- [Worthington Enterprises](https://endata.com/companies/77692.md) (acquirer)

## Sources

- [ir.worthingtonenterprises.com](https://ir.worthingtonenterprises.com/news/news-details/2024/Worthington-Enterprises-Announces-Planned-Acquisition-of-Hexagon-Ragasco-and-Sustainable-Energy-Solutions-Joint-Venture-with-Hexagon-Composites/default.aspx), 2024-05-29: "Worthington plans to acquire Hexagon Ragasco, a global market leader in lightweight, customizable LPG composite cylinders... for approximately $98 million."
- [globenewswire.com](https://www.globenewswire.com/en/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: "Worthington plans to acquire Hexagon Ragasco, a global market leader in lightweight, customizable LPG composite cylinders used for leisure, household and industrial applications, for approximately $98 million."

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