25 Nov '15, 6pm

Worthington Industries is buying Taylor-Wharton LNG assets for $33.25 million https://t.co/jG4ez2iHZj

$33.25 Acquisition Includes Factory in Theodore, Alabama Worthington Industries said Monday that it is purchasing the global CryoScience business of Taylor-Wharton, as well as a manufacturing facility in Theodore, Ala. for liquefied natural gas containers. Representative LNG containers by Taylor-Wharton, now to become part of Worthington Industries. “This purchase extends our cryogenic capabilities into new, global end markets in life science and healthcare,” Sean Murray, general manager of Worthington’s Cryogenics business, says in the acquisition announcement. “Taylor Wharton began manufacturing its CryoScience product in 1957 and has developed a robust portfolio of quality products and a strong distribution network in the bioscience space, which we plan to grow,” Murray said. Cryogenic LNG Transport Trailers “We are also excited about the U.S. manufacturing platform the...

Full article: http://www.fleetsandfuels.com/fuels/lng/2015/11/worthingt...

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