Vorys Advises Worthington Industries, Inc. in Acquisition from Affiliates of MiddleGround Capital, LLC
Vorys, Sater, Seymour and Pease LLP recently advised Worthington Industries, Inc. in connection with the acquisition by its Steel Processing business segment, along with its 55% consolidated joint venture TWB Company, LLC, of certain assets of the Shiloh Industries U.S. BlankLight® business, a provider of laser welded solutions. The transaction, which closed on June 8, 2021, expands the capacity and capabilities of TWB’s laser welded products business and adds a blanking facility to the Steel Processing business segment, with the addition of approximately 200 employees, as well as four facilities – in Bowling Green, Kentucky, Canton, Michigan; and two in Valley City, Ohio.
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