Worthington Industries will become two separate companies as of early 2024, with its Steel Processing business set to become a standalone public company.
The Ohio-based firm on Thursday (29th Sep) said the decision will both better align its operations and sharpen its strategic focus on fast-growing markets.
The new standalone Steel Processing business will operate as a value-added steel processor with a unique capability set, sophisticated supply chain and pricing solutions and expanded product offerings.
Worthington will then be better positioned in growing end markets released to consumer products, building products and sustainable energy solutions.
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