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Worthington Industries Acquires German Valve and Component Company

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Worthington Industries Acquires German Valve and Component Company
Worthington Industries, Inc.January 7, 2021 GMT
COLUMBUS, Ohio, Jan. 07, 2021 (GLOBE NEWSWIRE) Worthington Industries Inc. (NYSE: WOR) today announced the acquisition of PTEC Pressure Technology GmbH, a leading independent designer and manufacturer of valves and components for high-pressure hydrogen and compressed natural gas (CNG) storage, transport and onboard fueling systems, based in Germany.
“Our purchase of PTEC adds to our investments in the growing sustainable mobility markets and expands our systems capabilities to provide more comprehensive solutions to our customers,” said Worthington Industries Pressure Cylinders President Eric Smolenski. “Bringing PTEC’s innovative products and proven track record with vehicle manufacturers into the Worthington family of products will streamline th ....

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Worthington acquires PTEC Pressure Technology

Announcing the acquisition today (7
th Jan), Worthington said it is adding products that are adjacent to its core pressure cylinders business, providing more comprehensive systems for the storage, transport and use of alternative fuels such as hydrogen.
The company’s strategy is to be a leading solutions provider in the rapidly growing hydrogen economy, particularly in Europe where strict, mandated emissions reductions are accelerating growth.
“Our purchase of PTEC adds to our investments in the growing sustainable mobility markets and expands our systems capabilities to provide more comprehensive solutions to our customers,” said Eric Smolenski, President of Worthington Industries Pressure Cylinders. ....

Rheinland Pfalz , Eric Smolenski , Worthington Industries Pressure Cylinders , Worthington Industries Pressure , ரைன்லேண்ட் ப்ஃப்யால்ஸ் , வொர்திங்டன் தொழில்கள் ப்ரெஶர் சிலிண்டர்கள் , வொர்திங்டன் தொழில்கள் ப்ரெஶர் ,

Worthington Industries Acquires German Valve and Component Company

Worthington Industries Acquires German Valve and Component Company
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