0001102624-14-000467.txt : 20140328 0001102624-14-000467.hdr.sgml : 20140328 20140328162927 ACCESSION NUMBER: 0001102624-14-000467 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20140328 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140328 DATE AS OF CHANGE: 20140328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WORTHINGTON INDUSTRIES INC CENTRAL INDEX KEY: 0000108516 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310] IRS NUMBER: 311189815 STATE OF INCORPORATION: OH FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08399 FILM NUMBER: 14726109 BUSINESS ADDRESS: STREET 1: 200 OLD WILSON BRIDGE ROAD CITY: COLUMBUS STATE: OH ZIP: 43085 BUSINESS PHONE: 6144383210 MAIL ADDRESS: STREET 1: 200 OLD WILSON BRIDGE ROAD CITY: COLUMBUS STATE: OH ZIP: 43085 FORMER COMPANY: FORMER CONFORMED NAME: WORTHINGTON STEEL CO DATE OF NAME CHANGE: 19720123 8-K 1 worthingtonindustries8k.htm WORTHINGTON INDUSTRIES, INC. 8-K worthingtonindustries8k.htm


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549
 

 
FORM 8-K
 
 
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


 Date of Report (Date of earliest event reported):                   March 28, 2014                        
 

          WORTHINGTON INDUSTRIES, INC.          
(Exact name of registrant as specified in its charter)
 
 
 Ohio    001-08399    31-1189815
  (State or other jurisdiction of incorporation)    (Commission File Number)    (IRS Employer Identification No.)
         
 200 Old Wilson Bridge Road, Columbus, Ohio     43085
 (Address of principal executive offices)     (Zip Code)
     
 Registrant’s telephone number, including area code:    (614) 438-3210
     
    Not Applicable  
(Former name or former address, if changed since last report.)

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 

 
 
Item 8.01
 Other Events

On March 28, 2014, Worthington Industries, Inc. (the “Company”) announced that its Pressure Cylinders segment has completed the acquisition of the tank manufacturing division of Steffes Corporation.   Steffes manufactures oilfield storage tanks for customers drilling in the Bakken shale and Williston Basin region out of a manufacturing facility located in Dickinson, ND, The business generated $25 million in revenue in 2013.  Terms of the deal were not disclosed.
 
Item 9.01
 
 Financial Statements and Exhibits.
 
(a) – (c)
 
 Not applicable.
 
(d)
 
 Exhibits:
 
   99.1 News Release issued by Worthington Industries, Inc. on March 28, 2014.
 
 
 
 

 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
     WORTHINGTON INDUSTRIES, INC.
     
     
 Date: March 28, 2014    By: /s/ Dale T. Brinkman
     Dale T. Brinkman, Vice President –
     Administration, General Counsel and Secretary
 

 
 

 



 
                                                                                                                                                                             
             
 
EX-99.1 2 exh99_1.htm EXHIBIT 99.1 exh99_1.htm


Exhibit 99.1
Logo
 
Worthington Industries to Acquire Bakken Oilfield Storage Tank Manufacturer
 
COLUMBUS, OH--(Marketwired - Mar 28, 2014) - Worthington Industries, Inc. (NYSE: WOR) today announced that it has reached an agreement to acquire the tank manufacturing division of Steffes Corporation. Steffes manufactures oilfield storage tanks for customers drilling in the Bakken shale and Williston Basin region out of a manufacturing facility located in Dickinson, N.D. The business generated $25 million in revenue in 2013. Terms of the deal were not disclosed.
 
"This acquisition complements our strategy to grow the energy business by adding to our geographical reach, so we can serve customers in the east, central and now the important northwest region of the U.S.," said Andrew Billman, President of the Worthington Industries cylinder business. "The Bakken is one of the most oil rich areas in the country with significant drilling taking place. We anticipate adding capacity to the operations and strengthening our energy platform with this acquisition."
 
Steffes started its tank division in 2007 and currently employs 35 employees at the facility. The steel tanks are primarily for oil and salt water storage and range in size from 100-500 bbl. The addition of the North Dakota facility will complement Worthington's existing operations in Ohio and Kansas that manufacture steel and fiberglass storage tanks, gas separators, gas production units and related wellhead equipment for oil and gas exploration customers in the Marcellus, Utica, Bakken and Mid-Continent regions.
 
About Worthington Industries
 
Worthington Industries is a leading diversified metals manufacturing company with 2013 fiscal year sales of $2.6 billion. The Columbus, Ohio based company is North America's premier value-added steel processor and a leader in manufactured metal products, such as propane, oxygen, refrigerant and industrial cylinders, hand torches, camping cylinders, scuba tanks, compressed natural gas storage cylinders, industrial cryogenics tanks, helium balloon kits and exploration, recovery and production tanks for global energy markets; custom-engineered open and enclosed cabs and operator stations for heavy mobile equipment; laser welded blanks; 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 and light gauge steel framing for commercial and residential construction. Worthington employs approximately 10,000 people and operates 82 facilities in 11 countries.
 
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 Commission.
 
 
CONTACTS:
 
Cathy M. Lyttle
VP, Corporate Communications and Investor Relations
Phone: (614) 438-3077
E-mail: Cathy.Lyttle@WorthingtonIndustries.com
 
Sonya L. Higginbotham
Director, Corporate Communications
Phone: (614) 438-7391
E-mail: Sonya.Higginbotham@WorthingtonIndustries.com
 
 


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