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Canadian Westport Fuel pays 5 million euro for LPG Gas Storage firm
Westport Fuel Systems Inc. has reached an agreement to acquire Stako sp. z o.o., the liquid petroleum gas fuel storage manufacturing subsidiary of Worthington Industries Inc. Based in Słupsk, Poland, Stako is a world leading manufacturer of LPG fuel storage.
Based in Słupsk, Poland, Stako is a world leading manufacturer of LPG fuel storage, supplying the aftermarket and original equipment manufacturer (“
OEM”) market segments through a worldwide network of dealers. Stako’s current product range includes over 1,000 models of LPG storage tanks. Over the last 30 years, the company has supplied tanks to leading automobile manufacturers worldwide, including VW, Renault, Fiat, Hyundai, Opel, Ford, Maruti Suzuki and many others.
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Westport Fuel Systems broadens its offering by acquiring capability for liquified petroleum gas (also known as "LPG" or "Propane Autogas") fuel storage .