Worthington unit acquires tank maker

Apr 10, 2013 | 03:37 PM | Corinna Petry

Tags  Worthington, pressure cylinders, Palmer Manufacturing & Tank, acquisition, steel processing, Andrew Billman, John McConnell, shale energy

CHICAGO — Worthington Industries Inc.’s pressure cylinder unit has acquired Palmer Manufacturing & Tank Inc. for $113.5 million.

Garden City, Kan.-based Palmer makes steel and fiberglass tanks and processing equipment for the oil and gas industry, as well as custom fiberglass tanks for agricultural, chemical and general industrial applications. ....

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