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Worthington Enterprises signed an agreement to acquire 100 percent of Hexagon Ragasco, a maker of composite LPG cylinders in Raufoss, Norway, for approximately $98 million, with closing expected around June 3, 2024.
Hexagon Ragasco received its first order of 2021 from a long-term customer in South Asia, valued at an estimated USD 3.8 million. The composite LPG cylinders will be produced and delivered in Q2 2021 at its Raufoss, Norway facility.
