Worthington Industries To Acquire Business Of Rome Strip Steel - Quick Facts

(RTTNews) - Worthington Industries, Inc. (WOR) announced that it agreed to acquire the business of Rome Strip Steel Company, Inc. Rome manufactures cold rolled strip steel to extremely tight tolerances, primarily for the automotive industry. The transaction is expected to be completed later this month.

Rome Strip Steel is located in Rome, N.Y., with a warehouse facility in Walhalla, S.C., and employs 130 people. In business since 1926, Rome's capabilities include rolling, annealing and slitting a wide range of cold rolled alloy, high carbon, low carbon close tolerance strip steels and various grades of high and low strength alloy steels.

The addition of Rome will expand the Company's cold rolled strip steel production capacity to three facilities including Columbus and Cleveland, Ohio. Rome's 2013 sales were approximately $70 million.