Steel Products

Worthington Enterprises buys Elgen Manufacturing

Written by Ethan Bernard

June 20, 2025

Worthington Enterprises has acquired HVAC products maker Elgen Manufacturing of Closter, N.J.

Terms of the deal were not disclosed.

“The addition of Elgen aligns closely with our strategy to build and acquire businesses with leadership positions in niche markets,” Joe Hayek, Worthington Enterprises’ president and CEO, said in a statement on Thursday.

Elgen will become part of the building products segment of Worthington. This includes a portfolio of building systems and components for heating, cooling, construction, and water applications. It also covers architectural and acoustical grid ceilings and metal framing and accessories.

Worthington said Elgen’s steel-based products are used by contractors for HVAC infrastructure within commercial buildings.

“We are excited to welcome the Elgen team to Worthington Enterprises and look forward to growing together as their 250 employees become part of our people-first, performance-based culture,” Hayek said.

Worthington Enterprises is a Columbus, Ohio-based designer and manufacturer of building products, consumer products, and sustainable energy solutions.

Recall that Worthington Industries split into two standalone, public companies in December 2023: Worthington Enterprises and Worthington Steel.  

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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