worthington8k.htm

Worthington Industries Finalizes ARITAS Purchase

COLUMBUS, OH--(Marketwired - Jan 24, 2014) - Worthington Industries, Inc. (NYSE: WOR) announced today that its Pressure Cylinders segment has completed its acquisition of a 75 percent stake in Aritas Basincli Kaplar Sanayi A.S. (ARITAS), one of Europe's leading LNG (liquefied natural gas) and cryogenic technology companies. The remaining 25 percent stake was retained by the prior owners. Purchase price was approximately $36.6 million.

The new venture will be called Worthington-ARITAS. Andreas (Andy) Lederer will lead the business as managing director. Lederer was previously vice president of strategy for Worthington's Pressure Cylinders business segment.

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 83 facilities in 12 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 relating to the expected benefits of the acquisition including the expectations for accretiveness, synergies and growth; expected growth of the LNG, cryogenics and other pressure cylinders businesses; the adaptability of technology for other markets; increases to product lines and participation in markets; opportunities to participate in certain markets; and other non-historical matters constitute "forward-looking statements" within the meaning of the Act. Because they are based on beliefs, estimates and assumptions, forward-looking statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those projected. Any number of factors could affect actual results, including, without limitation, the possibility that the costs or difficulties related to the integration of the business acquired are greater than expected; the ability to adapt technology to other markets, the ability to maintain relationships with customers of the acquired business; the effect of conditions in Turkish, national and worldwide financial markets; product demand and pricing; changes in product mix, product substitution and market acceptance of the Company's products; fluctuations in the pricing, quality or availability of raw materials, supplies, utilities and other items required by operations; the ability to realize price increases, cost savings and operational efficiencies on a timely basis; capacity levels and efficiencies within facilities, within major product markets and within the industry as a whole; financial difficulties of customers, suppliers, joint venture partners and others with whom the Company does business; the effect of Turkish, national, regional and worldwide economic conditions generally and within major product markets, including a prolonged or substantial economic downturn; the effect of disruption in the business of suppliers, customers, facilities and shipping operations due to adverse weather, casualty events, equipment breakdowns, acts of war or terrorist activities or other causes; changes in customer demand, inventories, spending patterns and supplier choices; the ability to improve processes and business practices to keep pace with the economic, competitive and technological environment; deviation of actual results from estimates and/or assumptions used by the Company; the level of import and import prices in the Company's markets; the impact of governmental regulations, both in the United States and abroad; the risk of doing business in Turkey or other foreign countries including the potential of adverse changes in the political climate, terrorists activity or civil unrest, currency fluctuations, differing cultures and local business partners and other risks described from time to time in filings with the United States 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

200 Old Wilson Bridge Rd.

Columbus, Ohio 43085

WorthingtonIndustries.com

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)

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))

	WORTHINGTON INDUSTRIES, INC.


Date: January 24, 2014	By: /s/ Dale T. Brinkman
	Dale T. Brinkman, Vice President –
	Administration, General Counsel and Secretary