“We are very excited to add ARITAS’ LNG and cryogenics capabilities and reputation for quality. We believe they will dramatically increase our ability to grow our LNG and cryogenics businesses quickly and globally,” said John McConnell, Chairman and CEO of Worthington Industries.
The new venture will be called Worthington-ARITAS. Andreas Lederer will lead the business as managing director. Lederer was previously vice president of strategy for Worthington’s Pressure Cylinders business segment.
“ARITAS’ experience and strong LNG product lineup fit our strategy to expand our footprint in energy products, as well as products for alternative fuels to power vehicles,” said Andrew Billman, President of the Pressure Cylinders business segment. “ARITAS’ technology is easily adaptable to markets it is currently not servicing, including the Americas and Western Europe. Thoughtful integration with our global sales force will help us drive strong commercial synergies.”
Source: Worthington Industries