Worthington Industries Divests Air Brake Tank Business in Czech
COLUMBUS, OH -- (Marketwire) -- 10/31/12 -- Worthington Industries,
Inc. (NYSE: WOR) today announced that its Pressure Cylinders segment
has completed the sale of its European air brake tank business to
Frauenthal Automotive. Based in Hustopece, Czech Republic,
Worthington Cylinders a.s. manufactures air brake tank cylinders for
the European commercial vehicle market. A subsidiary of Frauenthal
Holding AG, Frauenthal Automotive manufactures a variety of truck
components, including steel springs and air brake tanks for the
European commercial vehicle market. The facility employs
approximately 200 people.
About Worthington Industries
Worthington Industries is a leading
diversified metals manufacturing company with 2012 fiscal year sales
of $2.5 billion. The Columbus, Ohio based company is North America's
premier value-added steel processor and a leader in manufactured
pressure cylinders, such as propane, oxygen and helium tanks, hand
torches, refrigerant and industrial cylinders, camping cylinders,
exploration, recovery and production products for global energy
markets; scuba tanks, and compressed natural gas storage cylinders;
custom-engineered open and enclosed cabs and operator stations for
heavy mobile equipment; framing systems for mid-rise buildings; steel
pallets and racks; and through joint ventures, suspension grid
systems for concealed and lay-in panel ceilings, current and past
model automotive service stampings, laser welded blanks, and light
gauge steel framing for commercial and residential construction.
Worthington employs more than 10,000 people and operates 82
facilities in 11 countries.
Worthington Cylinders is the world's leading global manufacturer of
pressure cylinders, delivering products and value-added services to
its customers designed to exceed their expectations in quality,
service and value. Worthington Cylinders offers the most complete
line of pressure cylinders in the industry, including storage of
liquefied petroleum, refrigerant, oxygen and industrial gases.
BernzOmatic(R), Balloon Time(R) and Worthington(TM) products are
available at retailers nationwide and provide consumers products for
grilling, party planning, outdoor leisure activiti
es and home repair.
Safe Harbor Statement
The company wishes to take advantage of the
Safe Harbor provisions included in the Private Securities Litigation
Reform Act of 1995 ("the Act"). Statements by the company which are
not historical information constitute "forward-looking statements"
within the meaning of the Act. All forward-looking statements are
subject to risks and uncertainties which could cause actual results
to differ from those projected. Factors that could cause actual
results to differ materially include risks described from time to
time in the company's filings with the Securities and Exchange
Cathy M. Lyttle
VP, Corporate Communications and Investor Relations
Phone: (614) 438-3077
Sonya L. Higginbotham
Director, Corporate Communications
Phone: (614) 438-7391
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