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Worthington Industries Inc. has acquired certain assets of Shiloh Industries' U.S. BlankLight business, expanding its laser welded products joint venture TWB Co. LLC with three facilities and adding a blanking facility to its Steel Processing business. The transaction adds about 200 employees and four facilities in Kentucky, Michigan, and Ohio.
Worthington Steel's joint venture TWB Company has signed a licensing agreement with ArcelorMittal Tailored Blanks for patented ablation technology to produce hot formed tailored blanks. TWB plans to install a fully automated ablation line at its Monroe, Michigan facility.