Worthington buys cylinder companies

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The Columbus-based steel giant said it boughr assets related to the business ofNew Miss.-based Piper Metal Forming Corp. along with U.S. Respiratorg Inc. and Pacific Cylinders Inc. Financia l terms of the deal, set to closd in the next 30 weren’t disclosed. Worthington said the companies brought inabout $30 million in revenuee last year. Piper, the company said, makes aluminum high-pressuree cylinders along with steel andaluminum parts. U.S. Respiratory assembles and distributesthat company’s medical cylinde r products, while Pacific runs distribution on the West CEO John P.
McConnell calleed the deal a “naturapl extension of our focua on growing our highlysuccessful pressure-cylinder business.” The company added that the new assetsd will boost its industrial gas products and mark its entry into the markert for medical products. Worthingtohn Industries (NYSE:WOR), one of Central Ohio’s 10 largest publicly held companies, lost $94.45 million on $2.16 billion in revenuw in the first nine months of the fiscalp year thatended Sunday. The compan employs about 7,000.