Home Metals Worthington Industries WORTHINGTON INDUSTRIES, INC. – History

WORTHINGTON INDUSTRIES, INC. – History

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John H McConnell founded Worthington Industries in 1952. The company expanded and added processing facilities throughout the late 1950s and 1960s.
In 1986, the company formed a joint venture with US Steel called Worthington Specialty Processing. After two years Worthington established its first international facility in Ontario, Canada.
During the 1990s, many of the company’s non-core businesses were sold. Two years later the company formed a joint venture with Armstrong World Industries called Worthington Armstrong Venture (WAVE), through which it began worldwide production of suspended ceiling systems.
The company entered metal framing market in 1996 with acquisition of Dietrich Metal Framing. A year later, Worthington Industries acquired the Gerstenslager Company, manufacturer of past model auto body panels.
In 1999, Steelpac was created to produce customized steel shipping solutions. After a year the company was listed on the New York Stock Exchange.
In 2002, the company acquired Unimast, a manufacturer of construction steel products including light gauge steel framing, plastering steel and trim accessories. Also during the same year Aegis Metal Framing, a joint venture between Dietrich Metal Framing and MiTek Industries’ Steel Framing Systems division, began its operations.
The company formed a joint venture with Viking Industries, an intermediate steel processor of hot rolled steel coils in 2003.
In August 2004, Worthington Industries sold its Decatur, cold rolling assets to Nucor Corporation. A month later, Worthington Industries acquired the propane and specialty gas cylinder assets of Western Industries.