03
Nov
17:49
Worthington targets EV market with Tempel Steel acquisition
Worthington Industries is set to acquire Tempel Steel, having signed an agreement to purchase the electrical steel lamination company for a purchase price of $255 million, plus the assumption of certain liabilities. The transaction is expected to close in December.
“Acquiring Tempel will immediately make us a market leader in the rapidly growing electrical steel market that includes transformers, machine motors and electric vehicle (EV) motors,” says A…
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Anonymous
Very good overview of the weekly steel market.
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