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Worthington Enterprises acquired Elgen Manufacturing, a designer and manufacturer of HVAC parts and components, ductwork and structural framing based in Closter, New Jersey.
Worthington Enterprises sold 49% of its Sustainable Energy Solutions (SES) business segment to Hexagon Composites, forming a joint venture focused on gas storage and distribution for clean energy.
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.