NIC-M&S-Worthington Industries on the Move graphic · P. McConnell, the founder’s son,...

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U.S. NUCLEAR INFRASTRUCTURE COUNCIL MOVER AND SHAKER WORTHINGTON INDUSTRIES ON THE MOVE www.worthingtonindustries.com Worthington Industries at a Glance Worthington Industries · Founded in 1955 · 82 Facilities, 11 Countries · 10,500 Employees · $2.6 Billion Annual Sales FY2013 Core Focuses: Automotive, Construction, Marine Products, Agriculture, Industrial, HVAC, Alternative Fuels and recently added in 2012 – Energy: Oil and Gas and Nuclear. Worthington Industries was founded by John H. McConnell, a young steel salesman, who saw an opportunity for custom processed steel. He purchased his first load of steel by borrowing $600 against his 1952 Oldsmobile and founded Worthington Industries in 1955. From those modest beginnings, a company widely known for its innovative products and services and unique employee relationships evolved. Following several years of growth in steel processing, Worthington purchased a small cylinder facility in 1971, which formed the cornerstone of what is today Worthington’s pressure cylinders division, a global manufacturer of pressure vessels and related products. Led since 1996 by John

Transcript of NIC-M&S-Worthington Industries on the Move graphic · P. McConnell, the founder’s son,...

U.S. NUCLEAR INFRASTRUCTURE COUNCIL

MOVER AND SHAKER

WORTHINGTON INDUSTRIES ON THE MOVE

www.worthingtonindustries.com

Worthington Industries at a Glance

Worthington Industries

· Founded in 1955 · 82 Facilities, 11 Countries · 10,500 Employees · $2.6 Billion Annual Sales FY2013

Core Focuses: Automotive, Construction, Marine Products, Agriculture, Industrial, HVAC, Alternative Fuels and recently added in 2012 – Energy: Oil and Gas and Nuclear.

Worthington Industries was founded by John H. McConnell, a young steel salesman, who saw an opportunity for custom processed steel. He purchased his first load of steel by borrowing $600 against his 1952 Oldsmobile and founded Worthington Industries in 1955. From those modest beginnings, a company widely known for its innovative products and services and unique employee relationships evolved.

Following several years of growth in steel processing, Worthington purchased a small cylinder facility in 1971, which formed the cornerstone of what is today Worthington’s pressure cylinders division, a global manufacturer of pressure vessels and related products. Led since 1996 by John

P. McConnell, the founder’s son, Worthington Industries leads the diversified metal processing industry with a focus on the Golden Rule, valued employees, stability and innovation. The company’s strategic growth plan has resulted in 12 acquisitions in the last three years, several of which are rooted in Worthington’s expertise of manufacturing cylinders and tanks for highly regulated markets.

Worthington expanded its energy portfolio by acquiring Westerman Companies in September 2012, adding to Worthington’s capabilities and experience of the oil and gas, nuclear, and marine sectors. “This acquisition fits our growth strategy well as it increases our participation in the global energy and alternative fuels markets, and provides diversification in the nuclear and marine markets,” said Worthington Industries Chairman and CEO John McConnell upon announcing the acquisition.

A charter member of the U.S. Nuclear Infrastructure Council since 2008, Westerman was founded in 1909 and has manufactured products for the nuclear market since 1986. The company operates manufacturing facilities in Bremen and Wooster, Ohio. In addition to serving nuclear markets, Westerman carries the distinction of being the oldest continuous manufacturer of oil and gas wellhead equipment in the Appalachian region, offering planning, design engineering and precision manufacturing to both energy and marine markets.

The acquisition adds to Worthington’s footprint in the energy industry, and supports growth for the company’s offering of UF6 cylinders and other nuclear power plant products. Worthington acquisition of Westerman strengthens U.S. manufacturing of UF6 cylinders, and will complement Westerman’s proud tradition of supporting U.S private and public sector needs, including Westerman’s historic role in manufacturing the UF6 cylinders used in the Megatons to Megawatts program.

A key person in Worthington’s energy segment is Brett Williams, who is the key account manager for nuclear and marine markets. Brett has held sales representative roles in Worthington’s steel processing segment, and in Stryker, a medical technology and products company. When Brett is not working he enjoys golf, fishing and traveling with his wife. He earned a Bachelor of Arts degree in Communication from the Ohio State University and currently resides in Maryland.

“I’m excited to introduce Worthington to the nuclear industry, and offer our customers the combined technical expertise and manufacturing experience of Westerman and Worthington. With Worthington’s UF6 cylinders and low-level waste casks, we can assist customers with their needs; ensuring safety both on the front-end and back-end of the fuel cycle. We pride ourselves on providing the best service in the industry, and it’s exciting to be part of Worthington’s growth in the energy sector,” says Brett.

In summary, building upon the experience and heritage of Westerman Companies, the acquisition of Westerman by Worthington Industries will strengthen manufacturing by bringing the quality standards, premier customer service and stability of Worthington Industries to the U.S. and international nuclear markets.