Worthington fortifies cylinders business

Sep 23, 2013 | 06:08 PM | Corinna Petry

Tags  Worthington Industries, pressure cylinders, Andrew Billman, oil, gas, compressed natural gas, consumer products, shale energy Palmer Manufacturing & Tank

CHICAGO — Worthington Industries Inc. has expanded into cylinders manufacturing to such a degree that its operating profit exceeded steel’s during the 12 months ended May 31.

Worthington entered this industry four years ago, making a dozen acquisitions, most recently Garden City, Kan.-based Palmer Manufacturing & Tank Inc. These companies build oil and gas holding tanks, production and separator tanks, and myriad other products containing fuels and....

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