Steel Mills
Worthington Industries Acquires Shiloh U.S. BlankLight® Business
Written by Sandy Williams
June 11, 2021
Worthington Industries has acquired certain assets of Shiloh Industries’ U.S BlankLight® business for $105 million.
The deal expands Worthington’s capacity and capability with the addition of three facilities, located in Ohio and Michigan, to the company’s laser-welded products joint venture, TWB Company LLC. A fourth facility in Kentucky will operate under Worthington’s Steel Processing business, expanding the blanking services currently available from its Monroe, Ohio, and Porter, Ind. facilities.
BlankLight® provides laser-welded solutions that offer weight and cost reductions as well as increased fuel efficiency to the mobility market.
“The demand for tailor-welded blanks and lightweighting technology is growing, and the acquisition of these Shiloh assets allows us to support that growth while adding new capabilities,” said Worthington Industries chief operating officer Geoff Gilmore.
“Shiloh’s BlankLight expertise in curvilinear and aluminum welded blanks adds to TWB’s wide range of tailor-welded products, creating more value and innovation for our customers,” Gilmore added. “It also broadens our relationships with key automotive customers and expands the geographic reach of our Steel Processing business through an additional blanking operation.”
By Sandy Williams, Sandy@SteelMarketUpdate.com
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Wheeling-Nippon Steel raises Galvalume coating extras
The steelmaker released updated extras to customers on Oct. 15, marking the second adjustment in just six weeks following their early September revision
Cliffs offloading some FPT assets, considering HBI plant sale as well
Lourenco Goncalves confirmed that Cleveland-Cliffs is actively selling off portions of its Ferrous Processing and Trading (FPT) assets. Its direct reduction plant in Toledo, Ohio, may also be up for grabs...
SSAB cites US strength but flags tariff-driven uncertainty
The Americas segment of Swedish steelmaker SSAB delivered a stable third quarter, but with weaker shipments and continuing cautious demand. Plate prices held, but tariffs, slowing end-user demand, and...
AHMSA drama deepens as drawn-out bankruptcy slowly progresses
A former CEO goes to court for swiping tin. An OEM distributor slams the bankruptcy trustee for failing workers and creditors. The steelmaker fires back. Angry employees demand back pay as tensions rise in Monclova's steel saga.
Cliffs aligns with US critical mineral policy, moves forward with DOE-funded projects
Cleveland-Cliffs is positioning itself as a key player in America’s push for industrial independence.